Dogwifhat (WIF) Surpasses $3.2 Billion in Market Capitalization, Turning FLOKI into the 4th Largest Meme Coin

Dogwifhat (WIF) has surpassed FLOKI (FLOKI) to become the fourth-largest meme coin with a market capitalization of $3.28 billion as meme coin mania explodes in the cryptocurrency market.

WIF’s market cap was trading at $3.30 as of 05:53 ET, thanks to a 49% price increase over the past 24 hours. FLOKI (FLOKI) fell to fifth place after rising 10.7%.

WIF now sits proudly at the top of the meme coin leaderboard, behind Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE).

The impressive rally broke all-time highs and raised over $700,000 in a fundraiser from the Solana community to display the WIF token logo on the Las Vegas Sphere.

Dogwife on area

Dogwifhat launched its “Sphere Wif Hat” crowdfunding campaign on March 10, raising over $700,000 in USD coins. The initial goal of the campaign was to raise $650,000 to launch a marketing campaign at the Las Vegas Sphere.

Bink! dogwifhat onsphere fully funded ✅ https://t.co/jOmTj5hZnk pic.twitter.com/WTUEgOqVlG

— Ansem 🐂🀄️ (@blknoiz06) March 13, 2024

The fundraiser received a lot of support from the Solana community through the Solana-based Phantom Wallet. tweeted Support for campaigns.

The marketing campaign may have increased retailer interest in WIF, but it has also raised skepticism from some members of the cryptocurrency community about X.

The co-founder of Bankless was one of them. proposal There was a frothy rise that signaled the end of the bull market.

Meme Coin Mania is back

Meme Coin is currently leading the cryptocurrency bull market and currently has a total market capitalization of $67 billion. In addition to WIF, other Solana-based meme coins are leading the rally.

According to CoinGecko, new Solana meme coin SMOG has risen 40% in 24 hours, making it the best-performing token along with WIF. SMOG has taken the cryptocurrency market by storm since its launch last month, rising more than 700% in just one month.

BONK is up 179% over the past month, while MYRO, the third largest meme coin on Solana, has surged over 500%.

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