Dogwifhat (WIF), the popular Solana-based meme coin, saw a dramatic 37% price surge in the last 24 hours after cryptocurrency exchange Coinbase confirmed it would add the token to its listing roadmap.
The announcement, made on November 13, 2024, sent Dogwifhat’s price soaring to $4.21—its highest level since March, when the coin briefly touched an all-time peak of $4.83. The news ignited enthusiasm within the Dogwifhat community, positioning WIF alongside other top meme coins like Dogecoin (DOGE) and Pepe as some of the most talked-about assets in the market.
The announcement came just hours after similar news sent Pepe’s price soaring on Coinbase and Robinhood, underlining the market’s strong reaction to listing events on major platforms. Meanwhile, Dogecoin also saw a notable jump, surpassing $0.41, fueled by excitement surrounding U.S. president-elect Donald Trump’s announcement of key personnel for the Department of Government Efficiency.
For Dogwifhat, the Coinbase listing has reinvigorated investor optimism. This follows the exchange’s earlier announcement in April that it would support Dogwifhat perpetual futures on Coinbase International and Coinbase Advanced. The latest move to list WIF further raises expectations for increased demand and visibility for the meme coin, which has led to a notable uptick in market activity.
Coinbase’s Chief Legal Officer, Paul Grewal, confirmed the news on X (formerly Twitter), and the market responded with significant bullish sentiment. The token’s open interest has surged by more than 40%, surpassing $729 million as traders increasingly bet on the coin’s future performance.
At the time of writing, Dogwifhat is trading at $4.14, approximately 14% below its all-time high. The listing is expected to further fuel the token’s momentum, with many analysts predicting that this could mark the beginning of a new bullish phase for WIF.
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