Dogwifhat Surpasses $41 After Bybit Listing

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.

Swift Price Surge

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.

Market Cap Potential

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).

Uncommon Candle Wick

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.

Market Performance

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

Performance of Cat-themed Coins

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.