Dogwifhat en route to $10? WIF is now the third-biggest memecoin as whales hold tight

Bitget App

Trade smarter

Bitget2024/04/01 05:40

By:Moon

Dogwifhat (WIF), a Solana-based memecoin, became the third-largest memecoin by market capitalization on March 29, surpassing Pepe (PEPE). The price of Dogwifhat hit a new all-time high of $4.64 on March 30 before retracing to its current $4.32 mark as of 2:00 pm UTC, according to CoinMarketCap data. Following an over 87% weekly rally, Dogwifhat became the third-largest memecoin with a $4.3 billion market cap, surpassing Pepe, which has a market cap of $3.4 billion. This makes WIF the 31st-largest cryptocurrency.

Despite WIF rising over 431% during the past month, the largest holder is still not selling. The wallet is holding a total of $139.5 million worth of WIF tokens, bought at an average price of $0.32, with a current unrealized profit of $127.3 million, according to Coinstats.

Dogwifhat en route to $10? WIF is now the third-biggest memecoin as whales hold tight image 0

Source: CoinTelegraph

Dogwifhat is not the first dog-themed memecoin to reach multibillion-dollar valuations despite being based on an internet meme. Dogecoin reached a record $75.2 billion market capitalization in May 2021 and is currently worth $30.2 billion. Dogwifhat price would be $30.8 per token to match DOGE’s market cap, an eightfold increase, which isn’t uncommon in the memecoin world. During the 2021 bull market, Dogecoin price rose over 892% in the month leading up to its all-time high, from $0.07433 on April 12, 2021, to $0.7376 on May 6.

Shortly before WIF hitting the $3 mark for the first time, Arthur Hayes, the former CEO of BitMEX and current chief investment officer at Maelstrom, predicted that the Solana-based memecoin would rally to the $10 mark.

Futures Market Updates

As BTC went back to $71K, $20M in shorts got rekt in the last 24H.

Bitcoin Futures Updates

Total BTC Open Interest: $38.64B (+3.31%)

BTC Volume (24H): $42.68B (+25.52%)

BTC Liquidations (24H): $3.41M (Long)/$20.69M (Short)

Long/Short Ratio: 51.46%/48.54%

Funding Rate: 0.0576%

Ether Futures Updates

Total ETH Open Interest: $14.37B (+3.40%)

ETH Volume (24H): $21.77B (+22.61%)

ETH Liquidations (24H): $4.12M (Long)/$13.97M (Short)

Long/Short Ratio: 52.64%/47.36%

Funding Rate: 0.0626%

Top 3 OI Surges

RATS: $2.91M (+108.11%)

CORE: $57.39M (+98.95%)

SWEAT: $3.50M (+83.61%)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- LPT plummeted 858.22% in 24 hours, reversing a 624.53% weekly surge, highlighting extreme speculative volatility. - Technical indicators showed conflicting signals: oversold RSI suggested rebounds, while bearish MACD signaled continued decline. - A backtesting strategy evaluated 5-day trades with 12% profit targets and 8% stop-losses to assess short-term volatility exploitation. - The 1263.06% monthly gain contrasted with a 5334.8% annual drop, underscoring LPT's unpredictable long-term trajectory.

ainvest•2025/08/29 16:34

LPT -858.22% 24Hr Drop Amid Sharp Volatility

Ethereum News Today: Institutional Capital Flees Bitcoin, Flocks to Ethereum's Programmable Promise

- Institutional investors are shifting capital to Ethereum ETFs, with $10B inflows since July, driven by DeFi and stablecoin use cases. - Top Wall Street firms like Goldman Sachs ($721M) and Jane Street ($190M) now hold significant Ethereum exposure, reflecting growing portfolio acceptance. - 17 public companies hold 3.4M ETH ($15.7B) for staking income, while analysts project Ethereum could reach $12,000 by 2025 due to adoption trends. - Technical indicators show Ethereum near $4,620 with strong support,

ainvest•2025/08/29 16:33

Ethereum News Today: Institutional Capital Flees Bitcoin, Flocks to Ethereum's Programmable Promise

Whale USDT Moves Could Be TRX's Secret Weapon for $0.50 Breakout

- TRX near $0.3391 approaches key $0.37 resistance amid whale-driven USDT inflows and rising network activity. - Analysts predict potential $0.48–$0.52 breakout if momentum sustains, supported by 2.6M+ daily active TRON addresses. - Whale USDT movements (35–36% of daily flows) correlate with Bitcoin rallies, signaling liquidity concentration risks. - Technical indicators show mixed signals: bullish RSI/oversold conditions vs. bearish MACD divergence near $0.37 threshold.

ainvest•2025/08/29 16:33

Whale USDT Moves Could Be TRX's Secret Weapon for $0.50 Breakout

Ethereum News Today: TRON's 60% Fee Cut: A Gamble for Growth or a Warning Sign?

- TRON’s Super Representatives approved a 60% transaction fee cut, effective August 29, to boost user adoption and transaction volumes. - The reduction lowers energy unit costs from 210 to 100 sun, targeting high-volume activities like stablecoin transfers. - TRON handles over $80B in USDT annually, leveraging low fees and fast processing to dominate remittances in key regions. - TRX’s price remains stable at $0.34, with analysts debating if the cut will drive volume growth or weaken token burning rates. -

ainvest•2025/08/29 16:33