Solana meme coin Dogwifhat soars 70% amid buzz of potential Binance listing

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Dogwifhat (WIF), a Solana blockchain meme token, soared over 70% within the final 24 hours, pushed by substantial whale investments and hypothesis a couple of Binance itemizing.

The worth leap coincided with a flurry of enormous purchase orders from an investor often known as “Binanceinsider.sol.” Information from Lookonchain revealed that the whale purchased 17.22 million WIF tokens for round $8.65 million.

The numerous funding, along with the whale’s suggestive moniker, has fueled hypothesis a couple of potential Dogwifhat itemizing on Binance.

This isn’t the primary occasion of “binance-insider.sol” investing in WIF. Beforehand, the entity had bought about 20 million tokens for round $225,000.

Following the newest buy, “Binance-insider.sol” is now the second-largest holder of WIF, with a portfolio valued at almost $7 million.

Previously 24 hours, WIF has elevated by 70%, with buying and selling volumes reaching $35.8 million on decentralized exchanges, in keeping with DEXScreener. The token’s market capitalization is now over $230 million.

The rise has positioned WIF seventh amongst meme tokens by way of market capitalization, as per CoinMarketCap.

Solana meme coin Dogwifhat soars 70% amid buzz of potential Binance listing - 1
WIF 24-hour worth chart | Supply: CoinMarketCap

Though there was no official assertion from Binance concerning Dogwifhat’s itemizing, the neighborhood is eagerly awaiting any bulletins following the token’s swift worth rise and the actions of “binance-insider.sol.”

Dogwifhat has emerged as one of the crucial notable tokens within the Solana ecosystem, gaining prominence with Bonk (BONK) and different tokens throughout a surge in meme coin interest on the blockchain in December.

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