Dogwifhat is a meme coin based on a trendy internet meme of a Shiba Inu dog wearing a pink-knitted hat. The token operates on the Solana (SOL) blockchain.
The project’s founders remain anonymous, but the most popular meme coin, Dogecoin (DOGE), is said to be among the things that inspired them.
However, while DOGE has some use cases, dogwifhat derives its perceived value entirely from speculation.
Since its introduction in December 2023, the dog-themed token has risen steadily in value, reaching its all-time high of around $ 2.25 on March 8, 2024, and a market capitalization of almost $2.2 billion after Binance announced it would list the token.
