Dogwifhat (WIF) is a meme-based cryptocurrency built on the Solana blockchain, inspired by the viral image of a Shiba Inu wearing a knitted hat. Launched in late 2023, WIF quickly gained popularity due to its community-driven approach and the lighthearted nature of meme coins.
📈 Binance Listing Details
Binance, one of the world’s leading cryptocurrency exchanges, listed Dogwifhat (WIF) on March 5, 2024. The listing included the following spot trading pairs:
• WIF/BTC
• WIF/USDT
• WIF/FDUSD
• WIF/TRY
Deposits for WIF were opened prior to the listing, and withdrawals became available on March 6, 2024. Notably, Binance applied a Seed Tag to WIF, indicating that it’s a relatively new project with higher volatility and risk.
🔍 Tokenomics and Market Performance
• Blockchain: Solana (SPL token standard)
• Total Supply: Approximately 998.9 million WIF tokens
• Market Cap: Reached a peak of $4 billion shortly after launch
• Current Price: Approximately $1.10 USD
• 24h Trading Volume: Over $850 million USD
• Circulating Supply: 998.84 million WIF
WIF has experienced significant price volatility, characteristic of meme coins, with rapid surges and declines influenced by market sentiment and social media trends.
🚀 Community and Ecosystem
Dogwifhat’s success is largely attributed to its vibrant community and the broader meme coin culture. Being built on Solana, WIF benefits from fast transaction speeds and low fees, making it attractive for various decentralized finance (DeFi) applications. The project emphasizes community engagement and has seen integrations with NFTs and other Web3 initiatives.
⚠️ Risk Considerations
The Seed Tag applied by Binance serves as a cautionary note for investors. It signifies that WIF is a newer project with potential for high volatility. Investors are encouraged to conduct thorough research and consider their risk tolerance before investing in such assets.
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