Bitcoin

Dogwifhat (WIF) Flips FLOKI To Become The 4th-Biggest Meme Coin As Market Cap Surpasses $3.2 Billion

2 Mins read

Join Our Telegram channel to stay up to date on breaking news coverage

Dogwifhat (WIF) passed FLOKI (FLOKI) to become the fourth-largest meme coin with a $3.28 billion market cap as meme coin mania erupted in the crypto market.

WIF’s ballooning market cap comes on the back of a 49% price gain in the last 24 hours as it traded at $3.30 as of 05:53 EST time. FLOKI (FLOKI) slipped into fifth place after climbing a smaller 10.7%.

WIF

WIF now sits proudly behind Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) at the top of the meme coin leaderboard.

Its impressive rally also took it to a new all-time high and comes as a fundraiser by the Solana community to display the WIF token’s logo on the Las Vegas Sphere raised more than $700,000.

Dogwifhat On The Sphere

Dogwifhat launched the “Sphere Wif Hat” crowdfunding campaign on March 10, which has raised over $700K in USD Coin. The campaign’s initial goal was to raise $650,000 to launch a marketing campaign on the Las Vegas Sphere.

The fundraiser received much support from the Solana community with Solana-based Phantom Wallet among those that tweeted support for the campaign.

While the marketing campaign might increase retail interest in WIF, it has raised skepticism from some members of the crypto community on X.

The co-founder of Bankless was among those suggesting the development smacked of a frothy top that signals the end of the bull market.

Meme Coin Mania Is Back

Meme coins are spearheading the current crypto bull market and they now have a collective market capitalization of $67 billion. Besides WIF, other Solana-based meme coins are among those leading the rally.

New Solana meme coin Smog (SMOG) has seen a 40% rally in 24 hours, according to CoinGecko, making it the top performing token alongside WIF. SMOG took the crypto market by storm after launching last month, and it is up by over 700% in one month.

BONK is up 179% over the past month, while Myro (MYRO), the third-largest meme coin on Solana, has surged more than 500%.

Also Read:

New Crypto Mining Platform – Bitcoin Minetrix

Bitcoin Minetrix
  • Audited By Coinsult
  • Decentralized, Secure Cloud Mining
  • Earn Free Bitcoin Daily
  • Native Token On Presale Now – BTCMTX
  • Staking Rewards – Over 50% APY

Bitcoin Minetrix


Join Our Telegram channel to stay up to date on breaking news coverage



Source link

Related posts
Bitcoin

Cardano Founder Clears FUD About Hydra, Scaling, Partners

2 Mins read
In a series of messages over the weekend, Charles Hoskinson, the founder of Cardano, addressed various concerns and rumors circulating about the…
Bitcoin

Ethereum Price Grinds Lower, Why Pullback Is Not Over Yet

2 Mins read
Ethereum price started a downside correction below $3,650. ETH traded below $3,500 and is currently attempting a decent recovery wave in the…
Bitcoin

Group Urges US President Joe Biden to Secure Release of ‘Kidnapped’ Former Federal Agent

1 Mins read
The Chamber of Digital Commerce, a blockchain and crypto advocacy group, has urged U.S. President Joe Biden to assist in securing the…

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *