Dogwifhat’s WIF/USD is making headlines in the cryptocurrency world with its remarkable surge in value. The meme coin has seen a 32% increase in one day, bringing its weekly gains to an impressive 118%. This surge has propelled Dogwifhat to new all-time high levels, capturing the attention of investors and traders alike.
The recent surge in Dogwifhat’s value has outshined other popular meme coins such as Dogecoin and Shiba Inu. While Dogecoin reported gains of 112% and Shiba Inu saw a 295% increase, Dogwifhat has managed to surpass them with its outstanding performance.
Data from Lookonchain reveals that a Dogwifhat developer sold 350 million WIF for 511 SOL, equivalent to $29,000, within the first two days of trading. If the developer had held onto the position, the 350 million WIF would now be worth a staggering $714 million at current prices.
In another transaction, a trader has amassed profits of $10.9 million by holding onto their Dogwifhat since November 30th. These impressive gains have caught the attention of the cryptocurrency community, with many traders closely monitoring Dogwifhat’s price movements.
Dogwifhat now holds the third position in the top meme coins by market capitalization, with its price surpassing the $2 mark. At its new all-time high of $2.31, the token boasts a valuation of $2.3 billion, joining the elite club of tokens with a $2 billion market cap alongside Bonk and Pepe.
The next target for Dogwifhat would be to reach the valuation of Pepe, currently at $3.5 billion. While Shiba Inu and Dogecoin remain out of WIF’s grasp for now, the optimistic sentiment surrounding Dogwifhat is peaking following its listing on Binance.
Overall, Dogwifhat’s exceptional performance in the cryptocurrency market has solidified its position as a top meme coin, attracting the attention of traders and investors looking to capitalize on its impressive gains. With its recent surge in value and growing market capitalization, Dogwifhat is definitely a coin to watch in the ever-changing world of cryptocurrency.
