Dogwifhat Outpacing Meme Coin Rivals Bonk, Pepe and Dogecoin With 20% Gains

Within hours, the $WIF price—the meme coin of the moment—rose as high as $3.27 early Tuesday morning, before settling to $3.18 at writing. The Shiba Inu-themed token has risen 20% in the last 24 hours.

Tuesday’s gains have once again pushed Dogwifhat to a market capitalization north of $3 billion—$3.168 billion, to be precise. That’s a remarkable accomplishment for a meme coin that launched mere months ago, with little more to offer than the sight of a puppy sporting a knit beanie.

$WIF wasn’t the only Solana-based, Shiba Inu-themed token to outpace the crypto market on Tuesday. $BONK, which exploded in popularity in December, saw impressive gains of more than 13% during the night.

The token is up 13% in the last 24 hours (to a price that still remains a fraction of a fraction of a cent). That action brings $BONK’s market capitalization to roughly $1.734 billion.

Only weeks ago, $WIF flipped $BONK’s market cap for the first time ever. Now, it would appear that the trend is solidifying.

Over on Ethereum, prominent meme coins also had an especially good morning. Cult-favorite Pepecoin (PEPE) popped over 10% on Tuesday, before settling into a 24-gain of 6.5% by writing.

The godfather of all meme coins, Dogecoin ($DOGE), also saw a solid—if fairly unspectacular—showing early Tuesday. The token is up 4.5% today, to just north of $0.18 at writing. In the last week, $DOGE has seen a remarkable bump of over 37%.

It would seem $DOGE has gotten a boost from the Dogefather himself. Just yesterday a xAI Grok user posted a screenshot showing the response to their query, "Can I send or receive $DOGE on X?" Grok said yes and then proceeded to walk the users through steps that involve a not-yet-released "X Wallet" that would first need to have $DOGE in it.

Edited by Stacy Elliott.