The meme coin Cat in a Dogs World (WIF), based on the Solana platform, has recently experienced a significant price increase. Following its introduction on a major cryptocurrency exchange, the token surged by around 14%. This noteworthy rise followed the announcement from the South Korean exchange Upbit, confirming that WIF will now be traded against the Korean Won (KRW), marking a substantial milestone as it becomes the third meme coin to reach this level of trading success alongside DOGE and SHIB.
How Did Upbit’s Listing Impact WIF?
On October 21, Upbit officially announced the trading of the WIF/KRW pair. This trading opportunity commenced at 16:00 UTC, attracting a wave of user engagement.
Can We Expect Further Price Growth?
The recent price increase of WIF to $0.009561, up from a low of $0.008382, indicates a positive trend. Trading volume surged dramatically by 370%, reaching $358.26 million following the listing announcement. Analysts are anticipating more price rallies for WIF, similar to past behaviors observed with BTC and USDT pairs on Upbit.
The listing of WIF has led to notable developments:
- 14% price increase in 24 hours.
- 370% rise in daily trading volume.
- 16% growth in futures open positions, totaling $165.43 million.
- 302% increase in derivatives volume, reaching $1.32 billion.
The notable interest generated by WIF’s listing on Upbit reveals the growing importance of meme coins within the crypto landscape. Opportunities like this not only enhance trading volume but also build trader confidence. The positive momentum surrounding WIF may pave the way for broader adoption among cryptocurrency enthusiasts.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
