Wow! Imagine turning $310 into a whopping $3.12 million! That’s the unbelievable story of Dogwifhat (WIF) as its price rocketed to $1.25, delivering an incredible 10,075 times return for some traders.
Let’s dive into the incredible world of this Solana-based meme coin.
Meme Season Calling?
Dogwifhat (WIF) is making waves after getting listed on trading giants like Robinhood, KuCoin, and Binance Futures. This not only showcases the rising popularity of meme coins but also emphasizes the influence of key figures in the crypto world. The coin’s price shot up notably, with a whale investing 9,999 $SOL, around $1.34 million, grabbing attention across the market.
WIF’s surge is fueled by the broader bull market for meme coins. Riding the wave of the memecoin festival, the coin saw a whopping 300% gain in just a week. Notably, a trader who invested $310 for 2.58 million WIF coins three months ago is now sitting on a remarkable $3.12 million, all thanks to the ongoing rally.
Also Read: Memecoin Mania Explodes, Shiba Inu Prices Soar, and Dogwifhat (WIF) Shows Strong Momentum
Whales Eye Meme Coins
Despite the surge in price, interest from whales in Dogwifhat remains strong. Just six hours ago, a significant transaction saw a whale invest $1.34 million to acquire 1.49 million WIF tokens, underscoring the growing interest in the coin. These big moves by whales played a part in WIF’s big price jump. However, according to Lookonchain, a Solana whale also snapped up $1.34 million worth of WIF tokens right after the Robinhood listing.
Beyond WIF, other meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE) are also experiencing substantial gains. SHIB surged by an impressive 52.85% in the last 24 hours, hitting $0.00001976 with a market cap of $11.65 billion. Meanwhile, DOGE continues its rally with an 18% increase and an impressive 66% surge over the past week.
Read More: Will These Top Meme Coins Give 100% Rally This Week?
Market Snapshot
The current meme coin surge is capturing the enthusiasm of both regular and big investors. WIF, after hitting a low in January, reached a record $1 on March 1, 2024, marking a staggering 1400% increase. The Relative Strength Index, indicating overbought conditions, hovered above 70% from February 26 to 29, dropping briefly below before climbing back above this threshold on March 1, 2024.
With WIF’s price up 272% since February, the burning question is: what’s next for Dogwifhat? Stay tuned to more updates from Coinpedia!
