Dogwifhat (WIF), the native token of the Solana meme coin, surged 19% today, marking it as a top gainer in the crypto market. At $2.31 per token and a trading volume up 34% to $432 million, WIF’s market cap has now surpassed $2.3 billion.
This leap follows VanEck’s filing with the SEC for the first-ever Solana ETF in the U.S., sparking renewed investor interest. WIF, based on a Shiba Inu dog in a pink knitted cap, is still 55% below its all-time high from March 31.
Market Spotter predicts WIF could hit $4.5 after breaking a resistance trendline. The broader meme coin market rose by 4.3%, with notable gains in Pepecoin, Bonk, and Brett. The global crypto market also surged 3% to $2.33 trillion.
WIF’s growth underscores the strategic importance of meme coins in the evolving crypto landscape.
