dogwifhat (WIF) Skyrockets to $41.8 on Bybit Immediately After Listing
The price of the meme coin dogwifhat (WIF) surged by 1,450% on Bybit shortly after its listing on the trading platform.
dogwifhat (WIF) Skyrockets to $41.8 on Bybit Immediately After Listing
dogwifhat (WIF) started trading on Bybit at 05:00 PM on April 29, 2024 (Vietnam time). Just over 10 minutes later, the token's price soared from $2.70 to an all-time high (ATH) of $41.85. However, this price level was only maintained for a few minutes before returning to the general market trend.
15-minute chart of the WIF/USDT pair on Bybit at 09:20 AM on April 30, 2024
The price anomaly occurred locally on Bybit, as other trading platforms did not record any similar sharp increase in WIF's value.
Bybit has now aligned its price movements with the rest of the market, with WIF trading at $2.79, marking a 4.51% increase over the past 24 hours, according to Bybit.
dogwifhat is a meme coin originating from an image of a dog wearing a hat. The token emerged during the resurgence of meme coins within the Solana ecosystem, witnessing other meme coins such as Pepe, Bonk, and Book of Meme experiencing exponential growth in the first two months of 2024.
dogwifhat notably received strong support and promotion from prominent traders like Hsaka and Ansem. By late March 2024, WIF had set a new ATH, surpassing PEPE in market capitalization.
Supporters of dogwifhat also raised $650,000 to display the token's logo on the "Las Vegas Strip" for one week.
