Dogwifhat (WIF), a memecoin primarily based on the Solana blockchain, has claimed the third spot in market capitalization rankings amongst memecoins.
WIF now has a market cap of US$4 billion, trailing Dogecoin and Shiba Inu, valued at over US$30 billion and US$18 billion, respectively.
WIF traded at US$4.13 at 2:45 p.m. ET, a document excessive, in response to CoinGecko knowledge.
WIF took the frog-themed forex Pepe’s place to rank third amongst memecoins, making the highest three slots now occupied by dog-themed initiatives.
Memecoins as a class noticed a 27% enhance over the previous week, with Dogwifhat recording an 84% surge on this timeframe.
Nonetheless, the meme frenzy just isn’t with out its dangers, as highlighted by the latest spike in presale scams on the Solana blockchain.
Crypto detective ZachXBT has introduced attention to a number of presale cash which have raised pink flags for potential fraudulent actions.
Put up Views: 1,019