Dogwifhat (WIF), a prominent meme token on Solana, has witnessed a substantial rise in market value, rising 17% from $0.25 to a high of $0.341. This notable rally comes on the heels of the token’s recent listing announcement on BitMexa major cryptocurrency exchange.
Dogwifhat (WIF), a prominent meme token on Solana, has witnessed a substantial rise in market value, rising 17% from $0.25 to a high of $0.341. This notable rally comes on the heels of the token’s recent listing announcement on BitMexa major cryptocurrency exchange.
The main driver of this increase appears to be BitMex’s revelation of an upcoming perpetual contract for WIF, accompanied by the option for up to 10x leverage. BitMex, recognized for its influence in the crypto space with a turnover of $434.98 million in futures trading volume in the last 24 hours, according to CoinGlass, and backed by key figure Arthur Hayes, has played its role in catalyzing increased interest and investment in WIF. .
While the market gains are immediate and significant, the listing on BitMex has broader implications for Dogwifhat. The coin’s success on this major exchange could serve as a springboard, attracting the attention of larger platforms like Binance and Coinbase.
hat still on
Recent developments position Dogwifhat as a notable player in the meme token space. Within two months, WIF rose to seventh place among meme tokens, with a market capitalization of $300 million.
According to BitMex’s listing announcement, WIF has gained recognition as a highly anticipated meme coin. The project’s unique visual identity, inspired by a Shiba Inu adorned with a knitted hat, has attracted attention within the crypto community, contributing to its increased popularity and visibility in the market.
