WIF Now Top Dog On Solana, Soars 35% in 24 Hours
Dogwifhat continued its positive performance in 2024 as it rose 35% after community members raise $700,000 to put its mascot on Las Vegas Sphere
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Dogwifhat is up 35% today and maintained its value above $3 despite pullbacks from the major cryptocurrencies.
The Solana-based memecoin started the day at $2.406. But it soared as high as $3.433 in less than 24 hours after community members raised $690,000 for displaying its mascot on the Las Vegas Sphere.
WIF gains today meant it set a new all-time high and continued a rollercoaster performance that has turned it into one of the most valuable memecoins.
WIF Up Almost 2000% in 2024
WIF has built on its 2023 performance to become a top gainer this year. The memecoin is already up more than 1,800% this year and looks set to rise further. According to CoinMarketCap data, it has risen by over 700% in the last 30 days.
However, after reaching its record high, the token witnessed a price correction and is now down to $3.249. Its 24-hour trading of over $1 billion suggests high market interest.
Despite the correction, today's performance has sent its market cap to $3.27 billion. This makes it the fourth largest memecoin by market cap, overtaking both BONK and Floki Inu.
Dogwifhat Will Appear on The Sphere
WIF's performance today is a result of its successful fundraising campaign. Holders of the memecoins recently organized fundraising to raise $650,000 for displaying its Shiba Inu with hat mascot on the Las Vegas Sphere.
The campaign was a success, with the community raising money in just four days. The wallet now holds 705,307 USDC, far exceeding the target.
Although the success has fueled its rally, some observers believe it signifies a market top. Actions like this usually happen when the bull frenzy is at its peak.
Nevertheless, the high turnout indicates strong community backing for WIF. Such support could further drive up its value and attract new buyers.
BOME Memecoin Running Up Numbers
Meanwhile, WIF is not the token on Solana, which has had massive performance recently. A newly launched memecoin Book of Meme BOME rose 3000% today, leaving early investors with major profits.
Lookonchain reported two investors who participated in the BOME presale. One spent 421 SOL worth $72k on BOME presale to get 1.4 billion BOME. The allocation is now worth $1.5 million, which means that they now have an unrealized profit of about $1.45 million.
Another participant in the presale Shatter.sol invested only 50 SOL and got 170.25 million BOME. They sold their entire allocation for 767 SOL.
Interestingly, it is not only Solana-based memecoins that had a good day. SOL also saw over 8% increase in value today, reaching $173 before retreating. It is currently at $169.
