dogwifhat

Pepe

Bonk

Solana-based meme coin dogwifhat has jumped 12% and has ranked as the top gainer in the market today. 
At the time of writing, <a href="https://crypto.news/dogwifhat-soars-20-amid-bitcoins-rebound-to-57k/" target="_blank" rel="noreferrer noopener">dogwifhat</a> (<a href="https://crypto.news/price/dogwifhat/" target="_blank" rel="noreferrer noopener">WIF</a>) was still up 11.5%, trading at $1.58 per price data from crypto.news. The crypto asset’s daily trading volume was hovering around $598 million while its market cap had risen to $1.58 billion. Following the latest price increase, the dog-themed meme coin has taken 55th place among the cryptocurrencies by market cap. 
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 <img loading="lazy" decoding="async" width="928" height="542" src="https://crypto.news/app/uploads/2024/09/WIFUSDT_2024-09-03_11-32-24.png" alt="WIF leads meme coin rally with 12% surge - 32"> 
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 <figcaption class="wp-element-caption">
 WIF 24-hour price chart – Sep. 3 | Source: <a href="https://crypto.news/price/dogwifhat/" target="_blank" rel="noreferrer noopener">crypto.news</a>
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WIF’s recent surge is fueled by the recent whale accumulation of Dogwifhat tokens, with one whale <a href="https://x.com/lookonchain/status/1830425309877043695" target="_blank" rel="">acquiring over 9.57 million WIF tokens</a>, worth $13.59 million, within just four days. Another whale used 1.4 million USDC to purchase <a href="https://x.com/lookonchain/status/1829350182443761828" target="_blank" rel="">643,832 WIF tokens</a>, making them the largest holder with 28.66 million tokens. Thie trend indicates growing investor confidence in WIF’s potential rebound, even after a 67% drop in value over the past year. 
WIF remains the fourth-largest memecoin by market capitalization and the top Solana-based memecoin. 
<a href="https://www.coinglass.com/currencies/WIF" target="_blank" rel="">Data </a>from Coinglass reveals that WIF’s total open interest jumped by 12.7% in the last day, increasing from $187.97 million to $211.8 million, reflecting growing trader engagement and anticipation of potential price movements. 
Data from the market intelligence platform also shows that WIF’s aggregated funding rates are currently at -0.0015%, signalling a bearish sentiment among traders regarding WIF’s price outlook. 
 You might also like: <a href="https://crypto.news/altcoins-sats-dogwifhat-fet-and-bonk-spike-as-bitcoin-breaks-64k/"> Altcoins SATS, Dogwifhat, FET and Bonk spike as Bitcoin breaks $64K </a> 
WIF’s current price positions it near the middle Bollinger Band, around $1.58, which often acts as a dynamic support or resistance level. Meanwhile, the MACD line has recently crossed above the signal line, suggesting a possible bullish momentum shift. 
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 <picture loading="lazy" decoding="async" class="wp-image-14295506" style="object-fit:cover;width: 100%;height:auto"> 
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 <img loading="lazy" decoding="async" width="928" height="542" src="https://crypto.news/app/uploads/2024/09/WIFUSDT_2024-09-03_11-37-01-1.png" alt="WIF leads meme coin rally with 12% surge - 33"> 
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 <figcaption class="wp-element-caption">
 WIF Bollinger Bands and MACD chart – Sep. 3 | Source: <a href="https://crypto.news/price/dogwifhat/" target="_blank" rel="noreferrer noopener">crypto.news</a>
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If the price is sustained above the middle band, it could attempt to move towards the upper Bollinger Band at around $1.90. However, if the price fails to hold above this middle band, it may face further consolidation or a pullback toward the lower band around $1.25. 
Meanwhile, a descending triangle emerged between late July and August, characterized by steadily declining highs and a firm support level. This formation typically hints at a potential bearish breakout, especially if the price breaches the established support line. 
WIF’s recent price surge aligns with a broader uptick in the meme coin market, which has increased by 5.7%, reaching a total valuation of $ 40.6 billion over the past 24 hours. Alongside WIF, other notable meme coins like Pepe (<a href="https://crypto.news/price/pepe/" target="_blank" rel="noreferrer noopener">PEPE</a>), <a href="https://crypto.news/bonk-leads-meme-coin-rally-with-25-surge-amid-token-burn-and-whale-activity/" target="_blank" rel="noreferrer noopener">Bonk </a>(<a href="https://crypto.news/price/bonk/" target="_blank" rel="noreferrer noopener">BONK</a>), and Brett (<a href="https://crypto.news/price/brett/" target="_blank" rel="noreferrer noopener">BRETT</a>) have also seen gains, rising by 5.7%, 6.6%, and 4.3%, respectively. 
Meanwhile, the global crypto market has also experienced a 1% surge, bringing it to a total valuation of $2.16 trillion. Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>) is also in the green, up 2.1%, and it is exchanging hands at $58,895. 
 Read more: <a href="https://crypto.news/meme-coins-dogwifhat-brett-bonk-pepe-weekend-losses/"> Meme coins crash: Dogwifhat, Brett, Bonk, Pepe lead weekend losses </a>

WIF leads meme coin rally with 12% surge

crypto.news

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