Dogwifhat (WIF), a well-known meme token on Solana, saw its market capitalization surge, rising 17% from $0.25 to a peak of $0.341. This notable rise comes after the coin recently announced its listing on major cryptocurrency exchange BitMex.
The main driving force behind this surge appears to be BitMex’s upcoming launch of WIF perpetual contracts, with the option of up to 10x leverage. BitMex has been recognized for its influence in the cryptocurrency space, with reported futures trading volume reaching $434.98 million in the past 24 hours, according to CoinGlass data, and has been endorsed by key figure Arthur Hayes in promoting increased WIF interest and investment played a role. .
While the market gains are immediate and significant, listing on BitMex has broader implications for Dogwifhat. The token’s success on this major exchange could serve as a stepping stone to attract the attention of larger platforms like Binance and Coinbase. Hat Still On Recent developments have made Dogwifhat a noteworthy player in the meme token space. Within two months, WIF rose to seventh place among Meme tokens, with a market capitalization of $300 million.
According to BitMex’s listing announcement, WIF has become a highly anticipated meme coin. The project’s unique visual identity, inspired by a Shiba Inu wearing a knitted hat, caught the attention of the cryptocurrency community and helped increase its popularity and market visibility.#DogwifhatWIF#Solana#Solana News#MemeCryptocurrency#MemecoinNews #BitMEX
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