Solana-based memecoin dogwifhat hits all-time high following Binance listing

Quick Take

  • Solana-based memecoin dogwifhat has gained over 50% since its listing on Binance yesterday to reach a new all-time high of around $2.16.
  • Dogwifhat has outperformed its memecoin peers in the last 24 hours — gaining more than 17% compared to a 7% gain for pepe.

Solana-based dogwifhat has gained over 50% to reach record highs today after listing on Binance at 9 a.m. ET on Tuesday.

Amid bitcoin’s post-all-time high sell-off yesterday, dogwifhat initially fell 17% from around $1.35 to a low of $1.12 as the broader crypto market followed bitcoin’s price action. However, it has subsequently nearly doubled from that low to a new all-time high of its own at around $2.16, according to The Block's price page.

Dogwifhat is currently trading at $2.06 — up 17% over the past 24 hours, 240% in the past week and a staggering 1,245% year-to-date. The dog-themed token has now reached a $2.1 billion market capitalization — just three months after it launched in November and went viral.

WIF/USD price chart. Image: The Block/TradingView.

In comparison, memecoin Pepe has gained around 7% over the past 24 hours, while Dogecoin, Bonk, and Shiba Inu each registered losses of around 10%.

While the newer Pepe and Bonk memecoins are also close to their recently set all-time highs, older memecoins Doge and Shiba Inu both remain around 50% down from their record highs, set in April and October 2021, respectively.

The overall memecoin market capitalization is down 0.8% over the past 24 hours, according to CoinGecko. The GM 30 Index, representing a selection of the top 30 cryptocurrencies, increased 0.03% to 145.64 over the same period.

Yesterday, Bitcoin briefly reached a new all-time high above $69,000 for the first time in 846 days. Bitcoin is currently trading at $66,952, according to The Block’s price page.


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About Author

James Hunt is a reporter at The Block and writer of The Daily newsletter, keeping you up to speed on the latest crypto news every weekday. Prior to joining The Block in 2022, James spent four years as a freelance writer in the industry, contributing to both publications and crypto project content. James’ coverage spans everything from Bitcoin and Ethereum to Layer 2 scaling solutions, avant-garde DeFi protocols, evolving DAO governance structures, trending NFTs and memecoins, regulatory landscapes, crypto company deals and the latest market updates. You can get in touch with James on Telegram or 𝕏 via @humanjets or email him at [email protected].

Editor

To contact the editor of this story:
Vishal Chawla at
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