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It has been a quiet day in the crypto space, but Avalanche (AVAX) and Solana meme coin darling Dogwifhat (WIF) are defying the trend.
The global cryptocurrency market cap today sits at a whopping $2.69 Trillion, marking a modest 1.9% change in the last 24 hours, according to data from Coingecko.
Influential trader GCR purchases the original Dogwifhat meme for 1,210 ETH, causing a 10% WIF token price increase.
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Bitcoin may have dipped from its new all-time high it hit yesterday—but smaller cap meme coins and tokens are up big.
The biggest winner is Dogwifhat (WIF), which is up nearly 34% in 24 hours and is priced at $3.21, CoinGecko data shows at time of writing.
In an unparalleled show of community support and digital spectacle, the Dogwifhat project—a Solana-based meme coin—has successfully marshaled nearly $700,000 to project its iconic image, a Shiba Inu wearing a pink beanie, onto the Sphere in Las Vegas.
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Solana’s meme coin of the moment, Dogwifhat, has raised almost $700,000 to get its furry, beanie-topped namesake plastered on the largest screen in the world.
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Despite its meme-inspired origins, WIF has captured significant attention from investors, experiencing a remarkable 2,750% growth.
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Crypto analyst Bluntz Capital recently provided a bullish narrative for the Dogwifhat (WIF) token. As part of his analysis, he suggested that the meme coin could go head-to-head with the foremost meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB).
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