- Solana meme coin Dogwifhat (WIF) soars about 30% as trading began on crypto exchange Bitget early Wednesday morning.
- SOL and BONK also experienced substantial gains.
Popular Solana meme coin Dogwifhat (WIF) has soared over 30% in the past day on news that it will be listed on crypto exchange Bitget.
Currently the price of WIF stands at $0.3176, up 30.4% on the day, according to data from Coinstats.
Trading for Dogwifhat on Bitget began at 9 a.m. UTC today, according to the company. WIF is starting as an offering in the Bitget Innovation Zone, according to a news release.
“Bitget Innovation Zone is mainly for trending tokens (initial) listing. A 60-day valuation period will be given for all the newly listed pairs in the zone,” the company wrote.
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“Trading pairs will be delisted if the trading pairs do not meet the criteria (eg: Market Depth).”
As of this writing, WIF has reached a market capitalization of $332 million.
By Wednesday morning, WIF had done $70 million worth of volume in the past 24 hours—beating out the $60 million worth of trading seen by Ethereum meme coin PEPE.
Fellow Solana meme coin BONK has also seen gains, rising 7.5% since yesterday.
The coin has also managed to hold onto its spot as in the top 100-largest crypto assets—albeit right at 100—with a market capitalization of $662 million, according to CoinGecko.
At the time of writing, SOL, the native token of the Solana ecosystem, has gained 8.6% since yesterday and is trading for $87.36.
The price is still 13% lower than it was this time last week, when it was trading above $100. SOL reclaimed the $100 mark for the first time in a long time just before Christmas.
Of the nearly $2.9 billion worth of volume that SOL has seen in the past day, 82% of it has been on trades with stablecoin Tether.
Another 9% worth of the coin’s volume, or $233 million, was on trades with U.S. dollars, according to data from CoinGecko.
Despite its recent price slip, Solana has managed to hold onto its spot as the fifth largest cryptocurrency with a nearly $38 billion market capitalization.
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That means SOL has a larger market cap than XRP and stablecoin USDC, according to CoinGecko data.
Just yesterday, 8VC and Palantir co-founder Joe Lonsdale predicted during a CNBC Squawk Box interview that Solana would be among the coins traded by “AI agents.”
“AI agents are going to start doing a lot of things in our economy. And for AI agents to coordinate incentive systems, they’re probably going to use crypto,” Lonsdale said yesterday, adding that AI traders might also use Bitcoin and Ethereum.
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