This solana Meme Coin Soared 25% After Listing on Major Exchanges
TL;DR
- Dogwifhat (WIF) has experienced a significant price increase recently.
- The coin’s rise is in line with the general trend of increased interest in meme coins centered around Solana.
Popular Solana meme coin dogwifhat (WIF) experienced a price increase of nearly 25% after cryptocurrency exchange BitMEX listed perpetual swap contract WIF/USDT.
Meme coin has become one of the most popular cryptocurrencies recently, with its value increasing by 330% in the last 30 days (according to CoinGecko data) and its market value approaching $ 350 million.
WIF Price, Source: CoinGecko
Its rapid rise has caught the attention of numerous industry participants, including BitMEX co-founder Arthur Hayes. last month jokingly sent A photo of a person wearing a hat (indicating the entity’s name) on X (Twitter).
BitMEX is not the only exchange with additional support. Bybit listed WIF/USDT perpetual contract with up to 25x leverage on January 11.
Other Solana meme coins such as bonk Inu (BONK) have also been in the spotlight recently. Its price and market cap exploded in December, making the asset the third-largest asset in its space, behind dogecoin (DOGE) and Shiba Inu (SHIB).
One factor that may have contributed to the increase is Binance and Coinbase‘s interaction with both crypto giants. embracing entity a month ago.
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