$1,300,000,000: Solana Meme Coin Dogwifhat (WIF) reached a major milestone

The capitalization of 3 out of 10 largest meme cryptocurrencies more than tripled in the last seven days, with Dogwifhat (WIF) being the undisputed best performer. Shiba Inu (SHIB) and Bonk (BONK) prices doubled, while other major companies saw double-digit price increases.

Solana Dogwifhat (WIF) Meme Cryptocurrency Sets New ATH Price

Dogwifhat (WIF), a new dog-themed meme coin on the Solana (SOL) blockchain, recorded its highest price today, March 2, 2024. WIF price reached an incredible level of $1.33 on major centralized spot and crypto exchanges. .

As a result, the capitalization of Dogwifhat (WIF) reached the never-before-seen mark of $1.317 billion. The token managed to reach a 10-digit capitalization less than three months after its launch.

Dogwifhat (WIF) outperformed one of the most popular meme coins, Floki (FLOKI), a partner of BitGo heavyweights AliExpress and Binance. Floki (FLOKI), at the same time, skyrocketed 80% in the last 24 days.

As Guru-Investingpreviously reported, Solana’s meme coins Bonk (BONK) and Dogwifhat (WIF) are the most overvalued beneficiaries of the early Q1 2024 meme cryptocurrency frenzy.

The coins managed to benefit from the growing interest in Solana (SOL) and the continued popularity of meme coins among aggressive narrative-driven investors.

Meme Coin Segment Soars by a Third in 24 Hours

If WIF’s rally continues, it has every chance of replacing CorgiAI (CORGIAI) as the fifth largest meme coin, joining the elite club of Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Bonk ( BONK).

The meme coin segment is skyrocketing in early March 2024. Today, it surpassed the capitalization of $42 billion, following a 34% price increase overnight.

The aggregate trading volume points to $17 billion, according to data from CoinGecko.