2024

Solana

Coin

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
Dogwifhat (WIF), a prominent&nbsp;<a href="https://u.today/rapper-drakes-joke-powers-new-solana-meme-coin-to-350-surge">meme token on Solana</a>, has witnessed a substantial surge in market value, rising by 17% from $0.25 to a peak of $0.341. This notable upswing comes on the heels of the token's recent listing announcement on&nbsp;<a href="https://blog.bitmex.com/wifusdt/">BitMex</a>, a major cryptocurrency exchange.
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="df415735-dde5-44f9-be8b-8f5ca33b1bc6" src="https://u.today/sites/default/files/inline-images/wifo.png">WIF to USD by <a href="https://coinmarketcap.com/currencies/dogwifhat/">CoinMarketCap</a>
The primary driver behind this surge appears to be BitMex's revelation of a forthcoming perpetual contract for WIF, accompanied by the option of up to 10x leverage. BitMex, recognized for its influence in the crypto space with a reported $434.98 million turnover in futures trading volume over the last 24 hours, according to CoinGlass, and endorsed by key figure&nbsp;<a href="https://u.today/bitcoin-etf-impact-arthur-hayes-bold-prediction-stirs-up-market-buzz">Arthur Hayes</a>, has played its role in catalyzing increased interest and investment in WIF.
<blockquote>
 📣Big news for <a href="https://twitter.com/dogwifcoin?ref_src=twsrc%5Etfw">@dogwifcoin</a> fans 📣The market’s first <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WIF</a> perp is on its way to BitMEX:📈10x leverage, margined in <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDT</a>📅17 January at 04:00 UTC➕ Enjoy a 1.15 maker rebate when trading the new listing.Contract details👇 <a href="https://t.co/KuR7JKXVFS">https://t.co/KuR7JKXVFS</a>— BitMEX (@BitMEX) <a href="https://twitter.com/BitMEX/status/1747170018633420872?ref_src=twsrc%5Etfw">January 16, 2024</a>
</blockquote> 
While the market gains are immediate and significant, the listing on BitMex holds broader implications for Dogwifhat. The coin's success on this major exchange could serve as a stepping stone, attracting attention from larger platforms such as&nbsp;<a href="https://u.today/solana-meme-coin-dogwifhat-jumps-100-as-binance-speculation-heats-up">Binance</a> and Coinbase.&nbsp;
<h2 dir="ltr" id="hat-still-on">Hat still on</h2>
Recent developments position Dogwifhat as a noteworthy player in the meme token space. In two months, WIF rose to seventh place among meme tokens, boasting a market capitalization of $300 million.
According to BitMex's listing announcement, WIF has earned recognition as a highly anticipated meme coin. The project's unique visual identity, inspired by a&nbsp;<a href="https://u.today/shibarium-witnesses-210-transaction-spike-as-major-exchange-integrates-shiba-inu-l2">Shiba Inu</a> adorned with a knitted hat, has garnered attention within the crypto community, contributing to its increased popularity and market visibility.

Dogwifhat (WIF) Price Skyrockets as Solana Meme Coin Achieves Major Exchange Listing

Table of Contents

U_Today

Other articles published on Jan 16, 2024

Solana’s Flagship Mobile Phone Saga to Welcome Successor: Report

Bitcoin’s Strategic Outlook: Funding Reset and Potential Uptrend

BRICS: Investors Bet Indian Rupee Will Rise, US Dollar To Decline

HashKey to Invest in Web3; Secured $100M Funding, Beat $1B Value

Solana: Will It Clear Path to $150 and Ignite Meme Coin Rally?

Devil May Cry: Peak of Combat Offers Controller Support on PC

Join our free newsletter for daily crypto updates!