Dogwifhat, a Solana-based meme coin, has recently surged to become the third-largest meme coin, experiencing significant price increases alongside major market movements such as GameStop's stock rally and Bitcoin's climb to $107,000. The token's price jumped 24% in a single day, with active wallets and daily trading volume seeing substantial growth, indicating heightened investor interest and market activity. Despite its market success, Dogwifhat faced setbacks with its Las Vegas Sphere project, leading to a $700,000 refund to supporters. This highlights the volatility and speculative nature of meme coins, as well as the challenges in executing ambitious marketing plans. As Dogwifhat targets further price milestones, analysts remain cautious, suggesting that sustained growth will depend on maintaining key support levels and broader market conditions.
Dogwifhat (WIF): The Rise of a Meme Coin Phenomenon
October 22, 2025
1 min read
Dogwifhat, a Solana-based meme coin, has recently surged to become the third-largest meme coin, experiencing significant price increases alongside major market movements such as GameStop's stock rally and Bitcoin's climb to $107,000. The token's price jumped 24% in a single day, with active wallets and daily trading volume seeing substantial growth, indicating heightened investor interest and market activity.