Summary
TLDR: Dogwifhat meme coin raised almost $700,000 to put its image on a large screen in Las Vegas. The campaign reached its fundraising goal of $650,000 with donations from Solana ecosystem stakeholders. Dogwifhat token surged 18% in minutes after the news. Dogwifhat is now the fourth-largest meme coin in the world. The organizers have not provided proof of contacting Sphere’s marketing team or purchasing the ad. No response from organizers or Sphere on when the ad will go live or what will happen with excess funds.
Key Points
1. Dogwifhat, a meme coin on Solana, raised nearly $700,000 to display its logo on the largest screen in the world, Sphere.
2. The fundraising campaign exceeded its goal of $650,000, with donations continuing to pour in even after reaching the target amount.
3. The success of the campaign led to a surge in the value of Dogwifhat (WIF) token by 18%, making it the fourth-largest meme coin globally, with a market cap of $2.56 billion.