NewsSOL

Solana meme coin Dogwifhat soars 70% amid buzz of potential Binance listing

1 Mins read

Dogwifhat (WIF), a Solana blockchain meme token, soared over 70% in the last 24 hours, driven by substantial whale investments and speculation about a Binance listing.

The price jump coincided with a flurry of large buy orders from an investor known as “Binanceinsider.sol.” Data from Lookonchain revealed that the whale bought 17.22 million WIF tokens for around $8.65 million.

The significant investment, together with the whale’s suggestive moniker, has fueled speculation about a potential Dogwifhat listing on Binance.

This is not the first instance of “binance-insider.sol” investing in WIF. Previously, the entity had purchased about 20 million tokens for around $225,000.

Following the latest purchase, “Binance-insider.sol” is now the second-largest holder of WIF, with a portfolio valued at nearly $7 million.

In the past 24 hours, WIF has increased by 70%, with trading volumes reaching $35.8 million on decentralized exchanges, according to DEXScreener. The token’s market capitalization is now over $230 million.

The rise has placed WIF seventh among meme tokens in terms of market capitalization, as per CoinMarketCap.


Solana meme coin Dogwifhat soars 70% amid buzz of potential Binance listing - 1
WIF 24-hour price chart | Source: CoinMarketCap

Although there has been no official statement from Binance regarding Dogwifhat’s listing, the community is eagerly awaiting any announcements following the token’s swift price rise and the activities of “binance-insider.sol.”

Dogwifhat has emerged as one of the most notable tokens in the Solana ecosystem, gaining prominence with Bonk (BONK) and other tokens during a surge in meme coin interest on the blockchain in December.


Source

1409 posts

About author
Harry is a crypto enthusiast and experienced trader with a track record of success. With a deep understanding of blockchain technology, he has analyzed market trends and identified profitable opportunities, resulting in impressive returns. Harry 's expertise lies in developing effective trading strategies that leverage the potential of cryptocurrencies. Through his articles, guides, and educational resources, he shares his insights and knowledge, helping individuals make informed trading decisions. With a keen eye for market patterns, Harry has navigated the volatile crypto landscape with confidence. Stay tuned for valuable perspectives and expert advice from Harry as he contributes to the Ailtra platform.
Articles
Related posts
CryptoNews

Indonesia's presidential elections pose uncertainty for the thriving cryptocurrency industry

1 Mins read
Indonesia, has emerged as a formidable player in the global cryptocurrency space in recent years. However, the nation’s upcoming general elections in…
BNBCryptoNews

Understanding the Cryptocurrency Boom - Dogecoin Climbs Due to X Payment Integration, While Stellar and BNB Also Experience Growth

1 Mins read
The cryptocurrency market has been experiencing notable gains over the past few days. This is led by an unexpected and surprising spike…
CryptoNews

Crypto Entrepreneur Charged with Defrauding Investors Out Of $150 Million Through Marketing Scheme

1 Mins read
Federal prosecutors have charged a German businessman with securities fraud, wire fraud and money laundering for allegedly scamming over 150 investors out…

🚀 Ailtra Crypto Bot Earned $8.9M Million in 7 Months with 0% Loss!

🚀 Ailtra generated $7.4 in 7 months only!

Unlock 20-75% Monthly Returns & Get $100 FREE!

Meet Ailtra Bot! Launching on 31st March an AI Crypto Bot boasting 20%-75% monthly gains and $7.5M earnings in 7 months. 💸Secure a FREE $100 bonus and up to $20K potential via referrals every month. 🎉Only 1,000 spots are available in first phase – claim yours fast! 🔥

Ailtra.ai will not disclose your account information to any 3rd parties.