In a significant development, the price of Dogwifhat (WIF), a notable meme token on Solana, has seen a notable 100% surge following its listing ad on Bybit, a major cryptocurrency exchange. Notably, the token’s value rose from $0.235 to $0.34 in a one-hour period, marking a substantial increase.
In a significant development, the price of Dogwifhat (WIF), a notable meme token on Solana, has seen a notable 100% surge following its listing ad on Bybit, a major cryptocurrency exchange. Notably, the token’s value rose from $0.235 to $0.34 in a one-hour period, marking a substantial increase.
New ad for Dogwifhat
Bybit’s announcement, detailing the pricing of the WIF/USDT perpetual contract with up to 25x leverage today, is believed to be the main driver of the rise. The exchange has substantial influence in the crypto space, with a total turnover of $5.84 billion in the spot market and a notable futures trading volume of $32.71 billion in the last 24 hours, according to CoinGlass.
This listing on Bybit is a landmark achievement for Dogwifhat and represents its largest listing to date. With the potential to leverage Bybit’s vast user base, WIF momentarily became the fifth largest meme token in the cryptocurrency market, with a market capitalization of $320 million.
Will Binance and Coinbase be next to “wear the hat”?
Beyond the immediate market gains, industry observers anticipate that WIF’s strong performance on Bybit could attract interest from larger exchanges like Binance and Coinbase. Similar trends have been observed with other meme tokens, including Bonk Inu (BONK), which finally managed to list on major exchanges.
As the crypto community closely follows this development, Bybit’s listing has positioned Dogwifhat for potential growth, sparking speculation about its trajectory in the coming days.
