Dogwifhat (WIF) has a market capitalization of $3.2 billion

The cryptocurrency Dogwifhat (WIF), which has been influenced by a dog, has a market capitalization of $3.2 billion. This may be due to increased market traction.

In the words of the Founder and CEO of Real Vision Group, Raoul Pal, he is simply a part owner to the extent of 2% of the Solana-oriented meme token, Dogwifhat (WIF). This declaration is in tune with the token’s market value increase of more than 40%. It has caught the eye of traders and the cryptocurrency community.

WIF has witnessed an increase of 1,600% in value over the last three months. The last saw a 60% rise, along with a weekly jump of 54%.

Despite being a new entrant, WIF now holds the fourth position amongst the list of meme token holders, with regards to market cap, having a value of $3.1 billion. However, it is still below Dogecoin (DOGE), with a market capitalization of $26 billion.

A report released by Arkham Intelligence spoke of a trader who exploited the situation and obtained a jaw-dropping 33,000% yield.

The WIF community has raised a large amount of funds for exhibiting the mascot of the token at Las Vegas’ Sphere entertainment spot. The funds accrued were to the tune of $650,000 in four days’ time.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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