The meme coin Dogwifhat (WIF) saw a rapid surge in price, exceeding $41 following its listing on the crypto exchange Bybit, according to a report by Degen News on X.
After its listing on Bybit, Dogwifhat's price quickly soared past $41, with orders being filled and sold almost instantly. This surge is illustrated by a chart shared in the post.
At $41.84, Dogwifhat would attain a market cap of approximately $41.7 billion, securing its position as the sixth-largest cryptocurrency, surpassing USD Coin (USDC).
While potentially influenced by a bug, the unusual candle wick in WIF's price trajectory brings optimism to Solana meme coin investors. Notably, all of the top 10 tokens in this category have experienced losses over the past week.
Data from CoinGecko indicates that WIF has experienced a 19.5% decline at the time of reporting, while Bonk has seen a 1.9% decrease. Despite a minor pullback, Bonk demonstrated positive performance prior to a 12% correction in the last 24 hours.
10 largest meme coins on Solana by market cap. Image: CoinGecko
Several cat-themed coins, including MEW, POPCAT, WEN, and MANEKI, among the largest Solana meme coins, are also in the red. These coins exhibit losses ranging from 11% to 37.2%. BODEN experienced the most significant drawdown within this group, slumping by 49.3% in the same period.
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Xu LinBONK and WIF, memecoins on the Solana blockchain, experience dramatic shifts in market positions, reflecting the volatile nature of the crypto market.
BrianOh Baby! Games' strategic Paramount partnership and imminent Steam listing mark a significant leap in the company's venture into the Web3 gaming space. With an exciting lineup and a visionary founder, the future looks promising for both the company and its dedicated gaming community.
BerniceThe move mirrors that of Binance, the world's largest crypto exchange, in terms of leaving Canada.
OthersThis latest approval highlights Bybit's continued commitment to expanding its presence in emerging and dynamic markets.
OthersBybit and Swyftx are the latest victims of the spreading crypto contagion, with both firms announcing job cuts in the wake of FTX collapse.“
decryptBybit is the latest crypto exchange to slash a sizeable portion of its workforce.
OthersHuobi and Bybit have publicly provided their proof of reserves to assure investors.
Beincrypto"Bybit responded to the OSC’s enforcement action, maintained an open dialogue, provided requested information, and committed to engaging in registration discussions," said the OSC.
CointelegraphThe function enables users to speculate on future prices of cryptos and settle their trades using USDC.
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