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WIF, the native token of <a href="https://crypto.news/tag/solana">Solana </a>meme coin Dogwifhat, has surged 19% and has ranked as a top gainer in the crypto market today. 
At the time of writing, WIF was exchanging hands at $2.31, up 19% in the last 24 hours, per data from CoinMarketCap (CMC). The crypto asset’s daily trading volume was also up 34%, hovering around $432 million. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="683" src="https://crypto.news/app/uploads/2024/07/WIF_1D_graph_coinmarketcap-1024x683.png" alt="Dogwifhat (WIF) leads meme coin rally with 19% surge - 28" class="wp-image-14282241">
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 WIF 24-hour price chart | Source: CoinMarketCap
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</figure> 
Meanwhile, the meme coin, based on a picture of a Shiba Inu dog wearing a pink knitted cap, has also witnessed its market cap surpass $2.3 billion. However, WIF is still trading 55% below its all-time high attained on March 31. 
 You might also like: <a href="https://crypto.news/meme-coins-dominate-2024-over-1800-surge-whats-next/"> Meme coins dominate 2024: over 1800% surge – what’s next? </a> 
The latest surge in WIF follows a major asset manager, VanEck, <a href="https://crypto.news/solana-jumps-8-as-vaneck-files-first-sol-etf-bid/">filing with the SEC</a> for the first-ever Solana exchange-traded fund (ETF) in the U.S. 
VanEck’s move has likely bolstered renewed enthusiasm from investors in Solana-based meme coins who anticipate a potential price surge in such tokens following the approval of the Solana ETF. 
Meanwhile, Market Spotter, known for their advanced trading indicators, <a href="https://x.com/MarketSpotter/status/1807665501549547917" target="_blank" rel="">noted </a>on X on July 1 that WIF has broken the trendline of resistance and has predicted a target price of $4.5. 
WIF’s price jump also comes amid the broader meme coin market, which has climbed by 4.3%, standing at $49.2 billion in the last 24 hours. Besides WIF, other popular meme coins with notable price surges were Pepecoin (PEPECOIN), Bonk (BONK), and Brett (BRETT), which recorded gains of 9%, 8%, and 7%, respectively. 
Meanwhile, the global crypto market has also experienced a 3% surge, bringing it to a total valuation of $2.33 trillion. <a href="https://crypto.news/bitcoin-expects-bounce-back-july-after-negative-june/">Bitcoin</a>, the pioneering cryptocurrency, is also in the green, up 2.7% and exchanging hands at $63,034, per data from CMC. 
 Read more: <a href="https://crypto.news/21shares-files-spot-solana-etf-with-sec/"> 21Shares files spot Solana ETF with SEC </a>

Dogwifhat (WIF) leads meme coin rally with 19% surge

crypto.news

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