Popular Solana Meme Coin Dogwifhat (WIF) Surges 30% on Bitget Listing
The price of the popular Solana meme coin, Dogwifhat (WIF), has experienced a significant surge of over 30% in the past day following the news of its listing on crypto exchange Bitget. Currently, WIF is priced at $0.3181, marking a 30.4% increase, according to CoinGecko.
Trading Begins on Bitget Innovation Zone
Trading for Dogwifhat officially commenced at 9 a.m. UTC today on Bitget. The coin is being introduced as an offering in the Bitget Innovation Zone, which is primarily focused on listing trending tokens. The company has set a 60-day valuation period for all newly listed pairs in this zone and will delist trading pairs that fail to meet specific criteria.
Market Performance and Competition
At present, WIF boasts a market capitalization of $332 million. In the past 24 hours alone, it has achieved $70 million worth of trading volume, surpassing Ethereum meme coin PEPE’s trading volume of $60 million.
Another Solana meme coin, BONK, has also seen gains with a rise of 7.5% since yesterday. BONK currently holds the 100th position among the top 100 largest crypto assets, with a market capitalization of $662 million.
Solana’s Native Token SOL Shows Growth
The native token of the Solana ecosystem, SOL, has experienced an 8.6% gain since yesterday and is currently trading at $87.36. Although its price remains 13% lower than last week when it exceeded $100, SOL recently surpassed the $100 mark before Christmas.
SOL’s trading volume in the past day amounts to nearly $2.9 billion, with 82% of it involving stablecoin Tether and 9% with U.S. dollars.
Solana Holds Strong Market Position
Despite a recent price decline, Solana retains its position as the fifth largest cryptocurrency, boasting a market capitalization of nearly $38 billion. This places SOL ahead of XRP and stablecoin USDC in terms of market cap.
Solana Predicted as a Coin for “AI Agents”
In a recent CNBC Squawk Box interview, Joe Lonsdale, co-founder of 8VC and Palantir, predicted that Solana would be among the cryptocurrencies traded by “AI agents.” He believes that AI agents will play a significant role in coordinating incentive systems and may utilize crypto, including Bitcoin and Ethereum, for this purpose.
Hot Take: Dogwifhat (WIF) Soars on Bitget Listing
The listing of Dogwifhat (WIF) on Bitget has sparked a remarkable surge in its price, with a gain of over 30% in just one day. This demonstrates the influence that exchange listings can have on the value of meme coins. Additionally, Solana’s native token SOL continues to show resilience despite recent price fluctuations. As the crypto market evolves, it will be interesting to see how AI agents impact trading activities and whether Solana remains a favored choice among them.
By
By
By
By
By