Summary
TLDR: Dogwifhat (WIF) reaches a market capitalization of $4 billion on Friday, surpassing PEPE to claim third spot in memecoin rankings. Solana memecoins are gaining popularity due to cheaper gas fees, with WIF experiencing a meteoric rise since its launch in November 2023. Despite its success, WIF still trails behind Shiba Inu (SHIB) and Dogecoin (DOGE) in market cap.
Key Points
1. The Solana meme coin WIF reached a market capitalization of $4 billion on Friday, hitting a new all-time high.
2. WIF climbed to third place in the memecoin market cap rankings, surpassing PEPE and currently trailing behind BONK.
3. Solana-based tokens, including WIF, are gaining popularity due to lower gas fees compared to Ethereum, with Solana’s TVL breaking $4 billion and continuing to rise.