Solana’s memecoin WIF price rises after Bybit announces listing on its spot trading platform
Dogwifhat (WIF), a meme coin based on Solana, surged following a listing announcement by crypto exchange Bybit. This comes as the overall cryptocurrency market struggles with a recent downturn.
Bybit said that it is listing the memecoin on its spot trading platform as it meets the liquidity requirements of the platform.
According to the announcement, Bybit will include WIF on its Spot trading platform. Deposits have been available since 8 AM UTC on April 29. Withdrawals will begin on April 30. Deposits and withdrawals can be made through the Solana network.
📣 $WIF is officlailly listed on #BybitSpot trading platform with @dogwifcoin
Deposits and withdrawals will be available via the Solana network.
🌐 Learn More: https://t.co/VrkiS9H4N2
📈 Trade Now: https://t.co/gdjaTS2OB8#TheCryptoArk #BybitListing pic.twitter.com/BNn7pOOEoe— Bybit (@Bybit_Official) April 29, 2024
WIF Price Regains Momentum
According to data on CoinMarketCap, the price of WIF has risen by 0.93% and is trading at $2.75 at the time of writing, its trading volume has also increased by more than 17% to about $288.20 million.
Dogwifhat’s circulating supply and maximum supply are pegged at 998.93 million tokens, with the memecoin currently ranking 44th by market cap.
The Solana Jungle
Bybit’s listing is a significant development for Dogwifhat, potentially attracting new investors and propelling the coin’s market presence. This development coincides with a growing interest in the memecoin sector.
The memecoin industry is a fascinating and dynamic market that offers a unique opportunity for those interested in investment and exploration. With a vast array of options to choose from, investors can delve into this exciting and ever-changing landscape to discover new possibilities and potential for growth
Just like WIF, MEW and BONK are also Solana-based memecoins. The surge in popularity of these memecoins within the Solana blockchain ecosystem has brought to the forefront the enduring and ever-growing interest in this unique sector of digital assets.
However, with the cryptocurrency market remaining volatile, WIF’s price could experience significant fluctuations in the near future. Investors should be cautious despite the rapid growth of the memecoin as its long-term sustainability is uncertain. Thorough research is advised before investing in the speculative memecoin market.