Crypto Mining

A sphere with a hat? Dogwifhat holders took interest in Vegas advertising and raised $240,000.

Web3 • March 10, 2024, 4:22 PM EDT

Posted 1 minute ago In ~

Community around Solana memecoin dogwifhat ( WIF

+0.68%
) is successful, pictures of Shiba Inus wearing hats will soon be gracing the Las Vegas skyline for a week.

This is unsurprisingly, as a new initiative titled “sphere with hat” is seeking to raise $650,000 over the course of a week to advertise the memecoin at the Sphere, Las Vegas’ recently launched LED-equipped spherical event venue.

So far, the initiative has raised more than $240,000, with many donations falling in the $1 to $100 range, according to Blockchain data. However, two wallets donated $9,999, currently the highest amount donated in a single transaction.

It’s not just small donations. Some whales donated more than $1,000 toward the cause. Source: Block analysis of blockchain data provided by SolScan.

Dogwifhat has been on the rise in recent days, hitting an all-time high on March 6 after the coin was listed on Binance. According to The Block’s pricing page, as of 4:15 PM ET, the coin is trading at $2.22, up 1.66% over the past 24 hours.


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© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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