u.today
Dogwifhat ($WIF), a meme coin based on the Solana ($SOL) blockchain, has experienced a sudden surge of 30% in its price in the last 24 hours. $WIF reached intraday highs of $0.2356, maintaining its rise from the previous day's low of $0.17.
At the time of writing, $WIF was up 30% in the last 24 hours to $0.233. The price increase coincides with positive sentiment in the crypto market, as Bitcoin and other major coins also saw gains.
Likewise, another possible reason might be the $WIF listing on major crypto exchange Bitfinex.
Bitfinex announced the listing of $WIF in a Feb. 7 X post. According to an official blog post, $WIF deposits were opened at 4:00 p.m. UTC on Feb. 7, 2024. Trading of $WIF commences on Feb. 8 at approximately 1:30 p.m. PM UTC. $WIF will be available to trade with U.S. dollars ($WIF/USD) and Tether tokens ($WIF/USDt). Withdrawals are expected to open on Feb. 9 at approximately 1:30 p.m. UTC.
Deposits are open for 🐶🎩 dogwifhat $WIF!@dogwifcoin is the popular meme that’s vibing wif frens onchain!
— Bitfinex (@bitfinex) February 7, 2024
Find out when trading starts:https://t.co/bxdT0bbDHm pic.twitter.com/iJTs2GRVE6
The news was met with enthusiasm by the Dogwifhat community, with the official Dogwifhat X handle posting the milestone.
$WIF debuted quietly in November before experiencing its first significant price rise in December. It rose even higher, reaching an all-time high of $0.481 last month before falling to a low of $0.17 on Feb. 7 before recovering.
$WIF now has a market capitalization of $234 million, ranking it as the 198th largest cryptocurrency — and the seventh-largest meme coin overall. Trading volume in the last day exceeded $60 million.
Solana, the fifth largest cryptocurrency by market value, appears to be riding the $WIF and the overall crypto market wave, jumping 10% to $104. $SOL has recaptured the $100 level once again after the outage that worried traders on Monday turned out to be a local low, with FUD propelling the price rebound.