Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat
The Dogwifhat (WIF) memecoin is Solana’s latest joke token. One trader turned $1000 into $100000 buying it.
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The Dogwifhat (WIF) memecoin is Solana’s latest joke token. One trader turned $1000 into $100000 buying it.
Prices reversed nearly all losses from last week following the announcement. BONK traded at $0.000014 on Thursday morning, with a trading volume of over $235 million.
Vitalik Buterin, a member of the Ethereum Foundation’s executive board, once pushed “layer-2” networks as a way to provide faster and cheaper transactions. Now he’s got ideas for “enshrining” some of those functions on the main chain.
Marinade’s market cap is dwarfed by Jito, though, despite being a bigger crypto ecosystem.
BitMex founder Arthur Hayes speculated about SOL hitting near $100 in a bullish weekend for altcoins.
Solana’s SOL token has more than tripled since mid-October as DeFi traders return to the ecosystem’s on-chain trading, borrowing, lending and yield-generating projects, most notably Kamino.
The governance token was airdropped to users of Jito’s liquid staking token protocol.
Yakovenko emphasizes the importance of reaching a user base of 25-50K to sustain the Solana phone’s development in an interview with Laura Shin.
A more than 70% surge since Sunday has catapulted it to the third-largest dog-themed tokens behind foremost dogecoin (DOGE) and shiba inu (SHIB).
The total amount of capital locked or staked across all decentralized finance (DeFi) protocols reached $50 billion on Tuesday, the most in six months.