Disclaimer: The opinions expressed by our writers are their very own and don’t characterize the views of U.Immediately. The monetary and market data offered on U.Immediately is meant for informational functions solely. U.Immediately shouldn’t be accountable for any monetary losses incurred whereas buying and selling cryptocurrencies. Conduct your personal analysis by contacting monetary specialists earlier than making any funding choices. We imagine that every one content material is correct as of the date of publication, however sure affords talked about might now not be accessible.
In a jaw-dropping flip of occasions, the value of Dogwifhat (WIF) skilled an astronomical surge, briefly reaching an astonishing $41.85 on famend alternate ByBit. This unprecedented spike adopted the platform’s public declaration of itemizing Solana’s meme coin sensation on the spot market.Â
Whereas initially perceived as a groundbreaking surge, the sudden surge in worth is now believed to be a glitch in ByBit’s system.
ByBit’s announcement of the itemizing of Dogwifhat on the spot market earlier in the present day marked a major milestone within the journey of this burgeoning meme coin.Â
Having beforehand teased the group with hints, ByBit solidified its place as a pioneer in meme coin buying and selling by being among the many first main exchanges to facilitate buying and selling of Solana’s meme coin on perpetual futures. Now, with the spot itemizing, the alternate continues to prepared the ground in embracing the meme coin phenomenon.
Coinbase and Binance subsequent?
The itemizing of WIF on ByBit spot market may probably foreshadow related strikes by trade giants similar to Binance and Coinbase, indicating the rising acceptance of the Solana meme coin throughout the broader crypto panorama.Â
Since its inception in late 2023, Dogwifhat has captured a major market share and amassed substantial buying and selling quantity. In line with knowledge from CoinMarketCap, WIF presently ranks because the forty first largest crypto asset by market capitalization, boasting a powerful $2.7 billion market cap and $285.87 million in buying and selling quantity.
Nevertheless, regardless of the momentary surge to unprecedented heights, WIF has now stabilized at a extra modest worth level of $2.69 on main spot exchanges, together with ByBit.
