Memecoins
Solana Meme Coin Dogwifhat (WIF) Hits $41 on Bybit After Spot Listing
Solana-based meme coin Dogwifhat has attracted investors’ attention as the price of WIF saw a slight recovery after experiencing a sharp decline recently. Additionally, the price of Dogwifhat soared over $41 on the Bybit app shortly after the spot listing.
Meanwhile, the meme coin’s price rebounded following a major listing announcement from a major crypto exchange, which appears to have sparked optimism among investors. So let’s explore the key quote details and recent WIF price action.
Price Regains Momentum Amid Major Listing Announcement
The meme coin industry has recently gained popularity, attracting the attention of market participants around the world. In particular, the renewed interest in this segment is highlighted by the rally of piece of money prices like WIF, MEW, BOME and others.
Meanwhile, the surge in prices of these cryptos suggests that investors are also diversifying their focus on other meme coins, outside of major cryptos like Dogecoin, Shiba Inu and others. Amidst this, a recent major listing announcement from WIF has sparked optimism among investors, especially during the recent sell-off in the broader crypto market.
Bybit, a prominent crypto exchange, has revealed plans to introduce the Dogwifhat (WIF) meme coin to its platform. According to the announcement, Bybit will list WIF on its Spot trading platform and deposit options began on April 29 at 8 a.m. UTC.
In the meantime, Bybit said it is listing the meme coin because it meets the platform’s liquidity requirements, and withdrawals will begin the next day, April 30, at 10 a.m. UTC. Additionally, the announcement states that users can benefit from deposit and withdrawal options through the Solana network.
Read also: Binance Expands Support for SOL, SHIB, XRP, ADA and Price Recovery Coming?
Resumption of WIF prices coming?
Usually, announcements from these major cryptocurrency exchanges tend to boost market confidence, resulting in a rally for cryptocurrencies. However, given recent volatility in the broader market cryptocurrency market, as well as the coin segment itself, investors should exercise caution before betting.
Meanwhile, despite a sharp decline in the broader crypto market, the Dog Hat (WIF) the price climbed 0.93% and was trading at $2.73 at the time of writing. However, its trading volume plunged 15.17% to $243.09 million from yesterday.
WIF Price
Notably, the meme coin saw a high of $2.79 and a low of $2.60 over the past 24 hours, suggesting the increased volatility of the crypto.