Dogwifhat Surpasses FLOKI, Claims 4th Spot Among Memecoins

• Dogwifhat surged by 35% and reached an all-time high of $3.30.
• The Sphere Wif Hat crowdfunding campaign exceeded its initial goal and raised $703,690.
• Dogwifhat overtakes FLOKI, now the 4th largest memecoin with a market cap of $3.12B.

In a swift display of sincere enthusiasm, the price of the Solana-based memecoin, Dogwifhat (WIF), has climbed by an impressive 35%, surging to an all-time high of $3.30. This surge follows a significant crowdfunding initiative dubbed “Sphere Wif Hat,” which grabbed the attention of fans who collectively raised $703,690.55. Originally aiming for $650,000, the campaign surpassed expectations by over $53,000.

The peak of this successful crowdfunding effort has propelled Dogwifhat’s market capitalization to $3.26 billion, solidifying its position as the 45th crypto in the market rankings. Consequently, Dogwifhat has become the 4th largest memecoin, overtaking FLOKI, which holds $2.89 billion, according to CoinMarketCap data.

Further, crypto investors reacted quickly to the news, driving the token’s price to new heights and generating a trading frenzy. The daily trading volume for Dogwifhat surged by a staggering 110% to an impressive $831 million.

Dogewifhat (WIF) Price Chart (Source: TradingView)

However, at the time of reporting, Dogwifhat is priced at $3.25. That reflects an 84% increase over the past week and a 783% surge over a month. Moreover, the remarkable momentum behind Dogwifhat underscores the growing influence of meme-based cryptocurrencies and the power of community-driven initiatives within the crypto market.