Dogwifhat (WIF) USD Price

Dogwifhat (WIF) is a Solana-based meme coin launched in November 2023, inspired by the viral image of a Shiba Inu wearing a pink knitted hat. It has no utility, governance, or staking mechanism — its value is driven entirely by community engagement, social media momentum, and speculative trading. WIF gained popularity because of its simplicity and strong retail following, quickly becoming one of the most recognized meme tokens on Solana. You can track the live WIF price and market data on this page.

Unlike Dogecoin, which runs on its own proof-of-work blockchain and is primarily used for simple payments, WIF is an SPL token on Solana with no native chain or mining. Compared to Shiba Inu, which has built out a multi-token ecosystem with ShibaSwap, Shibarium (Layer 2), and NFT projects, WIF remains a single-token, community-driven meme with no formal roadmap or development team. WIF’s advantage is Solana’s speed and low fees, which make it easy to trade in high volume. However, it lacks the infrastructure and ecosystem depth of SHIB and the brand longevity of DOGE.

WIF has a fixed total supply of approximately 998.9 million tokens, and virtually all of them are already in circulation (as of March 2026). There is no minting mechanism, no vesting schedule, and no built-in token burn. The entire supply was released at launch, meaning there is no future dilution risk from new tokens entering the market. This fixed-supply structure ties price movement directly to demand rather than emission schedules.

Yes. WIF is a meme coin with no underlying utility, revenue model, or development roadmap. Its price is almost entirely sentiment-driven — influenced by social media trends, influencer attention, and broader meme coin cycles. WIF reached an all-time high of $4.83 before falling over 95% from that peak. Concentration risk is also notable: as of mid-2025, one wallet held more than 10% of the supply. Meme coins can produce extreme short-term gains, but they carry correspondingly extreme downside risk. Never invest more than you can afford to lose.

Meme coins like WIF tend to amplify broader market moves. When Bitcoin and Solana rally and risk appetite increases, speculative capital flows into meme tokens first, producing outsized gains. When markets correct, meme coins often fall harder and faster than blue-chip assets. WIF is also sensitive to Solana-specific sentiment — network upgrades, ecosystem growth, and SOL price action all influence WIF indirectly. Macro factors like interest rates, regulatory news, and overall crypto market liquidity set the backdrop, while social media virality and whale activity drive short-term price swings within that context.