In the past 24 hours, Dogwifhat has experienced a significant increase in value, with a jump of over 37%
The token listing announcement on the crypto exchange Coinbase prompted this increase.
On November 13, Coinbase disclosed that it had incorporated dogwifhat into its listing roadmap. After the announcement, the Solana meme coin’s price surged to $4.21, marking the highest price level for WIF since March, when supporters achieved an all-time high of $4.83.
The news excited the Dogwifhat market, resulting in WIF becoming one of the trendiest top meme coins of the day, alongside Pepe and Dogecoin. Earlier in the day, crypto. News noted that Pepe’s price experienced a surge in response to the news of its listing on Coinbase and Robinhood.
In the interim, DOGE surpassed $0.41 as the ecosystem celebrated the announcement by U.S. President-elect Donald Trump that Elon Musk and Vivek Ramaswamy would lead the Department of Government Efficiency initiative.
In the case of WIF, the most recent information from Coinbase has reignited the upward potential that enveloped the token in April. This was the first time the U.S.-based crypto exchange announced its support for Dogwifhat perpetual futures on Coinbase International and Coinbase Advanced.
Paul Grewal, the chief legal officer of Coinbase, verified the listing of WIF in a post on X. According to Grewal, the meme coin has been included in the exchange’s roadmap, and there are plans to list it.
The most recent information regarding Dogwifhat’s listing event has resulted in bullish wagers, particularly among traders who are generally optimistic about listing events on major exchanges such as Binance and Coinbase. The open interest of WIF has increased by over 40% to over $729 million as the market anticipates increased visibility and demand for the meme coin.
At the time of writing, the token was trading at $4.14, approximately 14% below its all-time high.