WIF, the native token of Solana meme coin Dogwifhat, has surged 19% and has ranked as a high gainer within the crypto market as we speak.
On the time of writing, WIF was exchanging fingers at $2.31, up 19% within the final 24 hours, per information from CoinMarketCap (CMC). The crypto asset’s each day buying and selling quantity was additionally up 34%, hovering round $432 million.
In the meantime, the meme coin, primarily based on an image of a Shiba Inu canine sporting a pink knitted cap, has additionally witnessed its market cap surpass $2.3 billion. Nevertheless, WIF remains to be buying and selling 55% beneath its all-time excessive attained on March 31.
The newest surge in WIF follows a significant asset supervisor, VanEck, submitting with the SEC for the first-ever Solana exchange-traded fund (ETF) within the U.S.
VanEck’s transfer has doubtless bolstered renewed enthusiasm from buyers in Solana-based meme cash who anticipate a possible worth surge in such tokens following the approval of the Solana ETF.
In the meantime, Market Spotter, recognized for his or her superior buying and selling indicators, famous on X on July 1 that WIF has damaged the trendline of resistance and has predicted a goal worth of $4.5.
WIF’s worth soar additionally comes amid the broader meme coin market, which has climbed by 4.3%, standing at $49.2 billion within the final 24 hours. Apart from WIF, different common meme cash with notable worth surges had been Pepecoin (PEPECOIN), Bonk (BONK), and Brett (BRETT), which recorded positive aspects of 9%, 8%, and seven%, respectively.
In the meantime, the worldwide crypto market has additionally skilled a 3% surge, bringing it to a complete valuation of $2.33 trillion. Bitcoin, the pioneering cryptocurrency, can also be within the inexperienced, up 2.7% and exchanging fingers at $63,034, per information from CMC.
