Major Solana Meme Coin Dogwifhat (WIF) Skyrockets 25% in All-Time High Run

Cover image via U.Today

The crypto market's first meme sensation and the largest meme token on Solana, Dogwifhat (WIF), continues to dominate not only the crypto space but also the news headlines. This time, it's due to the phenomenal price action of the meme cryptocurrency, which features an adorable Shiba Inu puppy wearing a knit cap.

In less than two days since the start of the week, the price of WIF has skyrocketed by more than 25%. As a result, the Dogwifhat token has reached $3.75, just 30% below its all-time high of $4.88. Given the rapid rise in WIF's price, it seems inevitable that a new all-time high for the cutest meme cryptocurrency is just a matter of time. WIF to USD by CoinMarketCap

Remarkably, in its incredible price growth, Dogwifhat token has surpassed fundamentally important crypto projects like Arbitrum (ARB) or Cosmos (ATOM) in terms of market capitalization, entering the top 30 largest cryptocurrencies.

WIF's market capitalization now stands at $3.72 billion for an asset that is just over six months old. It is now the fourth largest meme cryptocurrency, behind Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE).

Can the top Solana meme token overtake its dog and frog competitors in the race to become the top meme cryptocurrency? Only time will tell.