Dogwifhat (WIF) price hit $4, surpassing PePe to become the third largest meme coin and taking on SHIB’s throne.

Dogwifhat (WIF), a meme-inspired cryptocurrency, made waves in the market by surpassing PEPE to take the title of third-largest meme coin in the cryptocurrency market. With the price rising to $4, Dogwifhat’s market cap now stands at an impressive $4 billion, placing it just behind leading meme tokens DOGE and SHIB.

WIF surpasses PEPE

WIF surpassed PEPE to become the third largest MEME token by market capitalization. Today, WIF’s price has surged past $4, solidifying its position as a significant player in the meme-inspired cryptocurrency space.

Over the past week, WIF has seen an impressive 53% increase and has surpassed PePe’s market capitalization with its recent price rise. This surge pushed Dogwifhat’s market value past $4 billion.

Interestingly, PePe’s market capitalization currently stands at $3.27 billion, about $730 million behind WIF. These achievements highlight WIF’s growing popularity and growing confidence among investors in its potential for further growth.

Amazing profits for WIF holders

2Fcm… WIF’s largest holding address, identified as PE6d, recorded a massive profit of $134 million, representing an impressive 1440% increase.

According to data from Solscan, the address 2Fcm… Holders of PE6d began accumulating WIF tokens starting in December 2023, with an average purchase price of $0.248. Even though the price has risen significantly since then, it has yet to sell. This shows that they believe in the future of WIF and remain invested for the long term.

Analysts are optimistic about WIF’s future.

Arthur Hayes, former CEO of BitMEX, expressed optimism about the future potential of Dogwifhat (WIF) in a Twitter post, saying he believes the price of WIF could surge past $10 in the next few years.