Popular Solana Meme coin Dogwifhat (WIF) soared more than 30% last day on the news that it would be listed on the cryptocurrency exchange Bitget.
According to CoinGecko data, the current WIF price is $0.3181, up 30.4% on the day.
According to the company, Bitget’s Dogwifhat trading began today at 9 AM (UTC). According to a press release, WIF will launch as a product in the Bitget Innovation Zone.
“The Bitget Innovation Zone is primarily for the (initial) listing of popular tokens. A 60-day evaluation period is provided for all newly listed pairs in the zone,” the company wrote. “If a trading pair does not meet the criteria (e.g. market depth), the pair will be delisted.”
As of this writing, WIF’s market capitalization has reached $332 million. By Wednesday morning, WIF had recorded $70 million worth of trading volume in the past 24 hours, surpassing the $60 million worth of Ethereum meme coin PEPE.
Fellow Solana meme coin BONK also showed gains, rising 7.5% since yesterday. According to CoinGecko, the coin has maintained its position within the top 100 cryptocurrency assets, although it is in the top 100, with a market capitalization of $662 million.
As of this writing, SOL, the native token of the Solana ecosystem, is trading at $87.36, up 8.6% since yesterday. The price is still 13% lower than last week when it was trading above $100. SOL regained the $100 mark for the first time in a long time just before Christmas.
Of the approximately $2.9 billion worth of trading volume seen on SOL over the past day, 82% was with the stablecoin Tether. Another 9% of the coin’s volume, or $233 million, was traded in U.S. dollars, according to data from CoinGecko.
Despite the recent price drop, Solana remains the fifth-largest cryptocurrency with a market capitalization of nearly $38 billion. According to CoinGecko data, this means that SOL has a larger market capitalization than XRP and the stablecoin USDC.
Just yesterday, 8VC and Palantir co-founder Joe Lonsdale made his prediction at an event: CNBC Solana will be one of the coins traded by “AI agents,” he said in a Squawk Box interview.
“AI agents will start to do a lot of things in our economy, and they will probably use cryptocurrencies to coordinate incentive systems,” Lonsdale said yesterday, adding that AI traders might also use Bitcoin and Ethereum. Yes.
