Dogwifhat (WIF) Temporary Pumped Above $40 on Bybit After Listing

Solana-based memecoin Dogwifhat (WIF) temporarily glitched above $40 as crypto exchange Bybit listed the token for spot trading on Monday. The coin, however, returned below $3 as bearish sentiments continued to dominate the market.

Bybit announced the same day it would list the memecoin for spot trading, having added derivative trading support for the Solana-based token. Dogwifhat went live by 8 AM UTC, with withdrawals set to commence by April 30.

A Sign of What to Come?

The sudden price glitch has gotten the crypto community talking, with the token’s enthusiasts clamoring for the long candle wick to $41.87 to get filled soon.

“Fill the wick,” many users reacted on X.

FILL THE WICK

— MrBibbles (@Mr_Bibbles_) April 29, 2024

Dogwifhat has had an impressive outing since the start of the year, pumping over 800% from an opening of $0.1608. The memecoin reached an all-time high of $4.84 on March 21, temporarily flipping Pepecoin to become the third largest memecoin.

The dog-with-a-hat-themed token has also seen tremendous support from its community, which raised funds to display WIF’s picture on the iconic Las Vegas Sphere for one week. After the fundraiser went live on March 10, the wallet received more than the $700,000 needed to execute the project in less than a week.

At press time, WIF was trading at $2.66, with a market cap of $2.7 billion. The token’s price was down 3.28% in the last 24 hours, and it managed a trading volume of just $394 million.