Binance recently added Dogwifhat (WIF), a meme coin on the Solana blockchain, causing its market value to soar to $500 million. This move is changing the landscape for meme coins on Solana.
In a major development today, Binance, the biggest cryptocurrency exchange globally, announced the official listing of Dogwifhat (WIF), the trending meme token on the Solana blockchain. The news, shared through Binance’s official channels, disclosed that trading for Dogwifhat would start right away on Binance’s futures market, giving traders the opportunity to use a maximum leverage level of 50x.
Dogwifhat’s Rise to Fame and Binance Listing
Introduced to the crypto market in late 2023, Dogwifhat features the iconic image of a Shiba Inu puppy wearing a knitted hat, a reference to the popular 2020 meme. The “wif hat” meme quickly gained traction among crypto enthusiasts, thrusting Dogwifhat into the limelight. Major media outlets like Bloomberg picked up on the trend, amplifying the excitement surrounding this meme-inspired cryptocurrency.
You are unsure how to feel about Laser Eye Ben? Just think instead of Ben wif hat
— Franklin Templeton (@FTI_US) January 17, 2024
Having already secured listings on Bybit and BitMex, Dogwifhat’s entry into Binance is a pivotal moment for the token. The announcement of the listing led to a temporary surge in WIF’s price, reaching $0.532 and propelling its market capitalization to an impressive half a billion dollars.
What’s Next for Dogwifhat After Binance?
Even with its recent success on Binance, Dogwifhat’s journey might not be over, as there’s a big goal ahead – getting listed on Coinbase. It’s interesting to know that WIF’s friend, BONK, has already achieved this, making people even more hopeful that Dogwifhat could be next on the famous exchange.
Now that Dogwifhat is on Binance, it shows how important and influential it is in the world of crypto. Fans are eagerly waiting to see if there will be any updates from Coinbase. This meme coin has definitely gone to new heights, proving itself as a significant player in the always-changing world of cryptocurrency.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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