WIF
What Is WIF?
WIF is a Solana-based meme coin that was launched in November 2023. While it shares similarities with other dog-inspired meme coins like Dogecoin and Shiba Inu, dogwifhat differentiates itself through its unique branding. The token features a Shiba Inu puppy wearing a pink knitted beanie hat, inspired by a popular meme of Achi, a real-life puppy. Its name “Dogwifhat” features a playful misspelling of “with hat,” referencing images of dogs wearing hats that circulated online.
This whimsical branding resonated with a broad crypto community, contributing to its rapid rise in popularity to become one of the top-ranked meme coins. Within a month of its launch, Dogwifhat experienced significant gains, with a 33.38% increase in the past week and a 251.39% rise over the month, according to CoinMarketCap data.
Who Created WIF?
Dogwifhat was developed by a group of anonymous enthusiasts who sought to capitalize on the meme's popularity. Inspired by the viral “doge” meme, which features a Shiba Inu dog accompanied by humorous captions, Dogwifhat similarly aimed to capture the playful spirit of internet culture. The project's official website emphasizes its role as a symbol of progress and innovation in the crypto space, and that it is "literally a dog with a hat".
Why Trade WIF?
While WIF lacks inherent utility, its value is driven by a vibrant community and engaging meme culture. The token serves as a medium for community interaction, with holders participating in discussions, sharing content, and contributing to the project's direction. A notable community initiative was the campaign to display the Dogwifhat logo on the Las Vegas Sphere. Enthusiasts quickly exceeded their fundraising goal, raising over $700,000 to promote the token, demonstrating the community's dedication to elevating Dogwifhat's profile.
Tokenomics of WIF
Total supply: 998,926,392 WIF
Max supply: 10,000,000,000 WIF
Circulating supply: Approximately 998.85 million WIF (As of 7 November 2024)
Market cap: $2.33B (As of 7 November 2024)
Highest Price: $$4.85 (on 31 March 2024)