Wonder

2024

Solana

Bonk

Read

<p class="is-style-lead">Dogwifhat (WIF), a <a href="https://crypto.news/tag/solana">Solana </a>blockchain meme token, soared over 70% in the last 24 hours, driven by substantial whale investments and speculation about a Binance listing.</p> 
<p>The price jump coincided with a flurry of large buy orders from an investor known as “Binanceinsider.sol.” Data from Lookonchain revealed that the whale bought 17.22 million WIF tokens for around $8.65 million.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Crazy!<br><br>A whale(binance-insider.sol) spent 86,738.1 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$SOL</a>($8.65M) to buy 17.22M <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$WIF</a> at $0.5022 4 hours ago.<br><br>The whale calls himself a "binance insider" and seems to want to tell everyone that <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$WIF</a> will be listed on <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Binance</a>. <a href="https://t.co/ifdfNKG6LW" target="_blank">pic.twitter.com/ifdfNKG6LW</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1745273319476359531?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 11, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The significant investment, together with the whale’s suggestive moniker, has fueled speculation about a potential Dogwifhat listing on Binance.</p> 
<p>This is not the first instance of “binance-insider.sol” investing in WIF. Previously, the entity had purchased about 20 million tokens for around $225,000.</p> 
<p>Following the latest purchase, “Binance-insider.sol” is now the second-largest holder of WIF, with a portfolio valued at nearly $7 million.</p> 
<p> You might also like: <a href="https://crypto.news/dogwifhat-soars-71-becomes-9th-largest-memecoin/"> Dogwifhat soars 71%, becomes 9th largest memecoin </a> </p> 
<p>In the past 24 hours, WIF has increased by 70%, with trading volumes reaching <a href="https://dexscreener.com/solana/ep2ib6dydeeqd8mfe2ezhcxx3kp3k2elkkirfpm5eymx" target="_blank" rel="noopener">$35.8 million</a> on decentralized exchanges, according to DEXScreener. The token’s market capitalization is now over $230 million.</p> 
<p>The rise has placed WIF seventh among meme tokens in terms of market capitalization, as per CoinMarketCap.</p> 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="898" height="495" src="https://crypto.news/app/uploads/2024/01/WIF_1D_graph_coinmarketcap.png" alt="Solana meme coin Dogwifhat soars 70% amid buzz of potential Binance listing - 22" class="wp-image-14237018">
 <figcaption class="wp-element-caption">
  WIF 24-hour price chart | Source: <a href="https://coinmarketcap.com/currencies/dogwifhat/" target="_blank" rel="noopener">CoinMarketCap</a>
 </figcaption>
</figure> 
<p>Although there has been no official statement from <a href="https://crypto.news/tag/binance/">Binance </a>regarding Dogwifhat’s listing, the community is eagerly awaiting any announcements following the token’s swift price rise and the activities of “binance-insider.sol.”</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Holy mackerel! That whale really made a splash with that purchase. Wonder if <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$WIF</a> will really be listed on <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Binance</a>?</p>— Ciara (@Ciaralashay14) <a href="https://twitter.com/Ciaralashay14/status/1745293467490898220?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 11, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Dogwifhat has emerged as one of the most notable tokens in the Solana ecosystem, gaining prominence with <a href="https://crypto.news/tag/bonk">Bonk</a> (<a href="https://crypto.news/price/bonk/">BONK</a>) and other tokens during a <a href="https://crypto.news/memecoin-rallies-28-to-new-all-time-high-amid-surging-interest/">surge in meme coin interest </a>on the blockchain in December.</p> 
<p> Read more: <a href="https://crypto.news/bonk-rallies-26-social-activity-nearly-doubles/"> BONK rallies 26%, social activity nearly doubles </a> </p>

Solana meme coin Dogwifhat soars 70% amid buzz of potential Binance listing

crypto.news

Other articles published on Jan 11, 2024

South Korea won’t follow US in allowing crypto ETFs, official says

Cathie Wood Slams Gary Gensler for Denigrating Crypto After Bitcoin ETF Approval

Spot Bitcoin ETFs May See $4 Billion Inflows on Day 1 of Trading: Bloomberg Analyst

XRPL’s Battle Against “Spam,” Results in 12 Million XRP Burn

SEC’s crypto X account remains silent after Bitcoin ETF approval

Ethereum’s Vitalik Buterin Applauds Optimism’s $100M Funding Milestone

Join our free newsletter for daily crypto updates!