Sphere wif hat? Dogwifhat holders set sights on Vegas ad, raise $240,000

Quick Take

The popular dog-based Solana meme coin launched a new initiative to raise $650,000 to advertise on Sphere, the Las Vegas arena, for one week.
About $240,000 has been raised so far, with some donors pledging as much as $10,000 to the project.

If the community around Solana memecoin dogwifhat (WIF) gets its way, a picture of a Shiba Inu in a hat will soon grace the Las Vegas skyline for a week.

That's because a new initiative, unsurprisingly titled "sphere wif hat," seeks to raise $650,000 for one week of advertising the memecoin on Sphere, Las Vegas's recently-launched LED-outfitted spherical event venue.

So far, the initiative has raised over $240,000, with many of the donations coming in at the $1-$100 range, according to blockchain data, though two wallets donated $9,999, currently the highest amount donated in a single transaction.

Not just small-dollar donations; several whales have pledged more than $1,000 for the cause. Source: The Block analysis of blockchain data provided by Solscan.

Dogwifhat has been on a run in recent days, hitting an all-time high on March 6th following the coin's listing on Binance. The coin is currently trading at $2.22, up 1.66% over the past 24 hours, according to The Block's Price Page as of 4:15 pm EST.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.