Solana Meme Gold coin Dogwifhat Spikes 257% as SOL Reclaims $100

A Solana meme gold coin is surging again, reaching a brand new all-time high cost, potentially m helping SOL itself rise—and now, it isn’t BONK leading the  charge.

Dogwifhat (WIF) may be the latest Solana meme gold coin to place up massive gains, surging 51% during the last 24 hrs to some current cost of approximately $.42. It went even greater to $.44 to create a brand new peak cost earlier Wednesday mid-day. During the last week alone, WIF expires 257% per CoinGecko.

WIF launched silently in November before finding its first big cost swing in December, marking a 227,000% jump at that time to $.14. It went even more as much as $.32 recently before sinking, dipping below $.08 as recent as a week ago.

Now WIF includes a market cap of $423 million, which makes it the 146th largest cryptocurrency by market cap—and fifth-largest meme gold coin overall. Buying and selling volume during the last day tallies nearly $sixty five million.

Solana itself might be riding the WIF wave today, rising 4% hitting $101. SOL reclaimed $100 earlier Wednesday the very first time since Sunday, though Solana’s native cryptocurrency remains lower from the recent a lot of nearly $124 on Xmas Day. It is also still well lacking its all-time high cost of approximately $260 from late 2021.

SOL’s upward movement also comes eventually after Solana Labs revealed intends to to produce second smartphone following a Solana Saga, tentatively known as “Chapter 2.” The follow-up phone, set to produce in 2025, will presumably include more sensible hardware and power because of the $450 cost for early preorders, when compared to $999 launch cost for that Saga.

BONK, Solana’s top meme gold coin that skyrocketed to new highs in December and helped yield a sellout for that Saga smartphone, isn’t taking advantage of WIF’s own spike. Based on CoinGecko, BONK is lower 4% in the last day-to a present cost of $.00001353, putting it 60% off its all-time high cost from December 15.

Broadly, the cryptocurrency marketplace is lower about 1% in the last day. Bitcoin and Ethereum are generally lower a couple ofPercent throughout the span, with BTC falling to simply above $42,600 and Ethereum landing at $2,535.

Edited by Ryan Ozawa.

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