The Solana-based meme coin Dogwifhat has surged 17% today, reaching a new peak of $4.61. It has become the largest weekly gainer in the crypto market, increasing by almost 90% in the past week. The rally of Dogwifhat has also positively impacted Solana's performance, with the altcoin going up by 10% for the week.

Even with this significant rally, the trading volume of Dogwifhat remains relatively stable. The daily trading volume has only seen a 22% increase. Coinstats have reported that one of the major token holders has not sold their tokens yet, with unrealized profits totaling $127.3 million as they hold $139.5 million worth of WIF tokens.

This whale has refrained from selling their tokens for over a month now. Dogwifhat has now become the third-largest meme coin in the market, surpassing PEPE, BONK, and FLOKI, with a market cap exceeding $4.3 billion.