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While the mem token craze has increased recently, Solana-based mem tokens have come to the fore.
Among the Solana-based mem tokens, Dogwifhat ($WIF) is undoubtedly the most notable project, while Binance, the world's largest cryptocurrency exchange, also listed $WIF.
At this point, while $WIF has experienced an unstoppable price rise this year, the $WIF price exceeded $ 4 today and left PEPE behind, becoming the third largest meme token after $DOGE and SHIB, with a market value reaching $ 4 billion.
$WIF, which exceeded $ 4 with an increase of more than 230% in the last 24 hours, continues to be traded at $ 3.68 with a 19% increase at the time of writing.
With this increase, $WIF topped the list of the most profitable altcoins, followed by Dogecoin ($DOGE) and Floki Inu (FLOKI).
As $WIF continues its unstoppable rally, $WIF's largest holding address, 2Fcm…PE6d, made a profit of $134 million (+1440%). This whale started buying $WIF in December 2023 at an average purchase price of $0.248.
Analysts stated that despite the tremendous rise in $WIF, the data shows that the whale has not started to sell, “which indicates that the upward expectations in $WIF continue.” said.
Analysts also stated that they expect the Dogwifhat price to continue to increase and with this increase, the $WIF market value will exceed $10 billion in the next few years and $WIF will gain the status of a premium meme token.