Dogwifhat (WIF) managed to stand out among the top meme coins upward rally. In the latest development, WIF bagged the trade listing on the world’s biggest crypto exchange by trading volume, Binance. Now, it will be crucial to see how investors will react to this big announcement.
dogwifhat adds more gains
Binance in a post declared that it will add support to dogwifhat over its trading platform by introducing new spot trading pairs. This will include trading pairs WIF/BTC, WIF/USDT, WIF/FDUSD, and WIF/TRY. The spot trading for the meme token will begin on 2024-03-05 at 14:00 (UTC). Users can deposit WIF in preparation for trading, and withdrawal services will commence on 2024-03-06 at 14:00 (UTC).
It is important to note that Binance will be applying the Seed Tag WIF during these transactions. The so called Seed Tag is given to innovative projects that may exhibit higher volatility and risks compared to other listed tokens. However, the listing fee for WIF on the crypto exchange is set at 0 BNB.
Dogwifhat, operating on the Solana network, is already enjoying the positive sentiments towards the meme cryptos. WIF price had recorded massive gains of more than 759% in the last 30 days, while it is up by 1500% over the last 60 days.
WIF price saw a major spike of 14% after Binance announced the listing for the token. Dogwifhat is trading at an average price of $1.88, at the press time. Its 24 hour trading volume is up by 58% to stand at $594 million. The trending meme token’s market cap now stands at around $1.9 billion.
Big boost for Solana
This new listing will eventually help the Solana ecosystem to grow further as more and more of its tokens are going mainstream now. According to the Coinmarketcap data, Solana Ecosystem Tokens’ market cap now stands at $192 billion. However, its 24 hour trading volume is up by 29% to stand at $95 billion.
Solana had already made the biggest comebacks of 2023. Capitalizing on the momentum, SOL price registered a surge of 121% in the last 90 days. It is trading at an average price of $131, at the press time. Its 24 hour trading volume is up by 43% to stand at $4.6 billion.
