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<p>The post <a href="https://coinpedia.org/news/dogwifhat-wif-price-hits-4-becomes-third-largest-meme-coin-surpassing-pepe-targets-shibs-throne/">Dogwifhat (WIF) Price Hits $4, Becomes Third-Largest Meme Coin Surpassing PePe, Targets SHIB’s Throne</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Dogwifhat (WIF), the meme-inspired cryptocurrency, made waves in the market by surpassing PEPE to claim the title of the third-largest meme coin in the crypto market. With its price rallying to $4, Dogwifhat’s market capitalization now stands at an impressive $4 billion, positioning it just behind leading meme tokens DOGE and <a href="https://coinpedia.org/news/shib-massively-outperformed-my-expectations-says-vitalik-buterins/">SHIB</a>.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-wif-surpasses-pepe">WIF Surpasses PEPE</h2> 
<p>WIF has surpassed PEPE to become the third-largest MEME token by market capitalization. Today, WIF’s price surged past $4, solidifying its position as a significant player in the meme-inspired cryptocurrency space.</p> 
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   <p lang="en" dir="ltr">WIF's price exceeded $4 today, with a market capitalization of $4 billion, surpassing PEPE and becoming the third largest MEME, behind DOGE and SHIB. WIF's largest holding address 2Fcm…PE6d has a profit of $134 million (+1440%). He started buying WIF in December 2023 with an…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1773559477763268717?ref_src=twsrc%5Etfw">March 29, 2024</a>
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<p>Over the past week, WIF has witnessed a <a href="https://coinmarketcap.com/currencies/dogwifhat/">remarkable 53% increase</a>, culminating in its recent price rally that propelled it beyond PePe’s market cap. With this surge, the market valuation of Dogwifhat has breached the $4 billion mark.&nbsp;</p> 
<p>Interestingly, PePe’s market cap now <a href="https://markets.coinpedia.org/pepe/">stands at $3.27 billion</a>, trailing WIF by approximately $730 million. This achievement underscores the growing popularity of WIF and the increasing confidence among investors in its potential for further growth.</p> 
<h2 class="wp-block-heading" id="h-remarkable-profit-for-wif-holders">Remarkable Profit for WIF Holders</h2> 
<p>The largest holding address for WIF, identified as 2Fcm…PE6d, has witnessed a staggering profit of $135 million, representing a remarkable increase of 1440%.&nbsp;</p> 
<p>According to <a href="https://solscan.io/account/2Fcm8Z3wxjcwjhXiS3mSXeHQY62TYHhNK65zExFWPE6d#splTransfers">data from solscan</a>, the holder of address 2Fcm…PE6d began accumulating WIF tokens in December 2023, with an average purchase price of $0.248. Even though the price has gone up a lot since then, they haven’t sold any yet. This shows that they believe in WIF’s future and are holding onto their investment for the long term.</p> 
<h2 class="wp-block-heading" id="h-analysts-bullish-on-wif-s-future">Analysts Bullish on WIF’s Future</h2> 
<p>In tweet post Arthur Hayes, former CEO of BitMEX expressing optimism about Dogwifhat (WIF)’s future potential, he believe that WIF’s price could surge past $10 in the coming years. </p> 
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   <p lang="en" dir="ltr">The hat stays on while I count to $10. <br><br>LFG fam are you <a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WIF</a> me? <a href="https://t.co/HhaCAygObV">pic.twitter.com/HhaCAygObV</a></p>— Arthur Hayes (@CryptoHayes) <a href="https://twitter.com/CryptoHayes/status/1768087147016339938?ref_src=twsrc%5Etfw">March 14, 2024</a>
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<p>This bullish outlook is strongly supported by the coin’s recent value spike and its expanding market capitalization.</p> 
<p>However, recent <a href="https://www.coinglass.com/currencies/WIF">data from Coinglass</a> reveals that significant liquidations totaling $2.09 million, with both long and short liquidations contributing to this figure. Despite a slight retreat from its all-time high, the open interest remains up by 29% at $528.6 million.</p> 
<p>As investors continue to attract towards meme coins, Dogwifhat’s position as the third-largest meme token is poised to attract even more attention and investment in the days ahead.</p>

Dogwifhat (WIF) Price Hits $4, Becomes Third-Largest Meme Coin Surpassing PePe, Targets SHIB’s Throne

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