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

Web3•March 10, 2024, 4:22PM EDT
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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. 
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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. 

Histogram showing the frequency of donations to the spherewifhat initiative.
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.