- Dogwifhat (WIF) surged over 40% last Sunday, coinciding with a post by Elon Musk.
- Musk shared a photo mimicking Dogwifhat’s logo as a St. Patrick’s Day post.
- WIF dragged other meme coins along, with SHIB surging 25% during the same period
Dogwifhat (WIF) surged over 40% last Sunday, coinciding with a post by Elon Musk, owner of the social media platform X. The novel memecoin staged a recovery from the recent pullback, bouncing off support at $2.06 to reach $3.15 before the close of the day.
In a St. Patrick’s Day post, Musk shared a photo of three dogs, each wearing a hat. The post’s features resemble Dogwifhat’s logo and description, which is a “Dog With Hat.” The post is also consistent with Musk’s indirect style of showing support for memecoins.
In recent history, such posts by the X owner triggered parabolic rallies for the memecoins involved. The most prominent included posts about Dogecoin during the last bull run that led to the memecoin’s astronomical rise to fame.
Musk’s St. Patrick’s Day post triggered a recovery for WIF, with the meme coin regaining ov…
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