Summary
TLDR: Dogwifhat (WIF) is performing well after being listed on Binance, despite market volatility. It is close to flipping fellow Solana meme coin BONK in market cap. Dogwifhat launched 3 months ago, while BONK had a different origin story in December 2022. BONK has seen price action and burns supply to increase scarcity and price. Other meme coins like Dogecoin and Shiba Inu have also settled down after soaring.
Key Points
1. Dogwifhat (WIF) has experienced significant price gains, reaching as high as 38% in a 24-hour period and currently trading at $2.10 after being listed on Binance.
2. Dogwifhat is close to surpassing BONK in market capitalization, with a market cap of $2 billion and a potential to catch up to BONK’s $2.2 billion market cap.
3. BONK, founded by an anonymous team in December 2022, has seen price fluctuations and implemented strategies such as burning supply to increase scarcity and price.