Solana-Based Meme Coin WIF Explodes 16% Daily as SOL Price Challenges $110
For those unsure, yes, the dog still has a hat.
Solana’s ecosystem has been booming in the past few months, giving birth to a number of meme coins that came to prominence only to decline and subsequently fade into oblivion. That hasn’t been the case with WIF, however, as – by all measures – it appears that the dog, indeed, still has a hat.
Dogwifhat (WIF) has seen its price exceed $0.40 in the past 24 hours, surging by more than 16%, as seen in the chart below:
It’s worth noting that WIF’s move comes amid a broader market recovery, as Bitcoin’s price is also pushing toward $52K at the time of this writing.
Last evening, BTC tumbled below $51K, but the dip was quickly scooped, and the price recovered.
Today, however, the market is green. Solana is also trying to push forward, currently trading at slightly below the important $110 level. The cryptocurrency is up 1% daily.
The meme coin market, in the face of the frontrunners – Dogecoin and Shiba Inu (SHIB) is also in the green. DOGE is up 0.5%, closing in on $0.085, while SHIB charted a mild increase of 1% for the day.
It’s interesting to see if this particular segment will pick up in the coming days. Meme coins tend to be incredibly volatile and explosive, with their values ranging wildly in short time frames.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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