Dogwifhat (WIF) Takes Over Crypto Twitter
A dog-themed Solana meme coin called Dogwifhat (WIF) has gained significant attention on Crypto Twitter. The coin has seen a staggering 227,000% increase in value in less than a month, capturing the enthusiasm of WIF holders and Solana ecosystem enthusiasts. This surge in activity has pushed the weekly trading volume on Solana decentralized exchanges (DEXs) above that of Ethereum for the first time. Dogwifhat’s rapid rise has even attracted the attention of mainstream financial analysts.
Anticipation of Bitcoin ETF Approval
Bitwise, a crypto index fund manager, released an ad on Twitter featuring Johnathan Goldsmith, teasing the potential approval of a Bitcoin ETF. Despite not being approved by the Securities and Exchange Commission (SEC) yet, the anticipation of this financial product’s approval in January has driven Bitcoin to yearly highs.
Elizabeth Warren Criticizes Crypto Lobbying Groups
Senator Elizabeth Warren sent out a scathing tweet accusing crypto lobbying groups of enabling terrorism. However, her tweet received a community note stating that cryptocurrency is responsible for less than 1% of monetary illicit activity and does not pose a threat to national security.
Solana Saga Smartphone Faces Criticism
The Solana Saga smartphone faced criticism from technology reviewer Marques Brownlee, who labeled it as the “Bust of the Year.” The frenzy surrounding the phone was due to the realization that free airdrops available on the phone were more valuable than its actual price. Solana Labs tried to salvage the situation by embracing the title and asking Brownlee to send them the “Bust of the Year” trophy.
Hot Take: Dog-Themed Meme Coins Take Center Stage
Dog-themed meme coins like Dogwifhat (WIF) continue to dominate the crypto space, capturing the attention of Crypto Twitter and even mainstream financial analysts. While these coins may seem absurd, their astronomical rise in value has garnered significant interest. Additionally, the anticipation of a Bitcoin ETF approval and criticism from politicians like Elizabeth Warren highlight the ongoing discussions surrounding cryptocurrencies and their impact on the financial industry and national security.
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