Hold onto your hats, crypto enthusiasts! The meme coin with a bark as big as its bite, dogwifhat (WIF), has just leapt over the $4 billion mark, securing its spot as the 31st-largest cryptocurrency. Talk about making waves in the crypto pond!
In the last 24 hours, WIF's price has skyrocketed over 40%, now sitting pretty at $4.30. The last time we saw numbers like this was way back in April. So, what's behind this bullish surge? Well, it all started when the crypto giant Coinbase decided to give WIF a warm welcome onto its platform.
This isn't the first time Coinbase has shown WIF some love. Earlier this year, they rolled out WIF perpetual contracts, which also sent the price soaring. Being listed on a major platform like Coinbase opens the doors to a wider audience, boosting demand and liquidity, not to mention giving the coin some serious street cred.
And it's not just Coinbase hopping on the WIF bandwagon. Big names like Binance, BitMEX, Kraken, Huobi, and KuCoin have also been trading WIF, making it one hot commodity in the meme coin market.
Right now, WIF ranks as the fourth-largest meme coin, trailing behind the high-flying Pepe (PEPE), which has been hitting some dizzying heights lately. The frog-themed PEPE just reached a new all-time high, thanks in part to its own Coinbase and Robinhood listings.
It's been a bullish bonanza for meme coins across the board this week. Shiba Inu (SHIB), Bonk Inu (BONK), Floki Inu (FLOKI), and others like Popcat (POPCAT) and Cat in a Dogs World (MEW) have all seen their prices shoot up by double digits. Dogecoin (DOGE) has more than doubled, and Peanut the Squirrel (PNUT) has astonished everyone with a jaw-dropping 1,500% increase.
So, if you're a meme coin aficionado, these are exciting times indeed. Keep your eyes peeled and your crypto wallets ready because this meme coin mania shows no signs of slowing down!
