Dogwifhat Surges 35% Following Binance's Introduction of WIF Futures Contract

The Solana-based meme coin's trading volumes hit $133 million, a 72% increase from the previous day, and its market capitalization now exceeds $454 million.

• Solana-based meme coin Dogwifhat (WIF) has experienced a 35% increase in its value within the last 24 hours, trading at $0.45, following Binance's introduction of a WIF futures contract.
• Trading activity for Dogwifhat has risen sharply, with volumes hitting $133 million, marking a 72% increase from the previous day, and its market capitalization now exceeds $454 million.
• Last week, an anonymous trader capitalized on Dogwifhat, converting an initial investment of $5,000 into $1.8 million within a month.
• Other Solana-based meme coins, such as usedcar (USEDCAR), popcat (POPCAT), and kpop (KPOP), have also seen significant spikes in their value.
• Speculation about potential airdrops and applications from Solana-based applications for buyers of the upcoming Solana Mobile's 'Two' phone may have contributed to the recent surge in Solana meme coins.

3 Articles

Benzinga CoinDesk Decrypt