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 -1.63% ) 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.
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