, a meme-inspired cryptocurrency with a dog in a pink beanie, surged to a $3.2 billion market cap. However, the rapid surge in its price suggests a heightened level of market speculation and fervor.
Notably, Raoul Pal, founder and CEO of Real Vision Group, recently disclosed his ownership of a portion of the Solana-based meme token Dogwifhat. This revelation coincided with a significant spike in the token’s market value, experiencing a remarkable surge of over 40%.“There is no mania like crypto mania… .”
Pal clarified his WIF holdings aren’t an endorsement, but an acknowledgment of the token’s excitement.This disclosure comes at a time when WIF’s market value has surpassed the $3 mark for the first time. The surge in WIF’s market value has caught the attention of traders and the wider cryptocurrency community, reigniting interest in meme tokens within the Solana ecosystem.
Despite its recent emergence, WIF has quickly become the fourth-largest meme token, with a $3.1 billion market value, trailing only Dogecoin.“It’s Solana season – again. With $WIF breaking above a $1B valuation, let’s flashback to one of the traders we looked at almost 2 months ago.”Separately, WIF’s community raised over $690,000 to showcase its mascot at Las Vegas’ Sphere venue, surpassing the $650,000 target in just four days.
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Source: CryptoAmb - 🏆 22. / 68 Read more »
Source: CryptoAmb - 🏆 22. / 68 Read more »