Dogwifhat (WIF), the new sensation among meme coins, created a frenzy on the Bybit exchange shortly after being listed.

As soon as trading began, the price of Dogwifhat surged by a remarkable 1,450%, reaching an all-time high of $41.85. However, this surge was short-lived, and the price quickly fell back to $2.64, aligning with its price on other exchanges.

The sudden surge was only observed on Bybit, with no significant impact on other major exchanges like Binance. Despite a considerable portion of Dogwifhat's trading volume occurring on Binance, its price was not affected by the surge on Bybit.

Dogwifhat (WIF) Embraces Meme Coin Popularity

Dogwifhat, featuring a dog wearing a hat, quickly gained popularity during the recent meme coin trading craze. Key traders and influencers such as Hsaka and Ansem voiced their support for Dogwifhat, contributing to its rise.

Furthermore, the community of the coin raised $700,000 to display Dogwifhat's image on the iconic Las Vegas sphere for a week, although the realization of this plan remains uncertain.

Despite the remarkable surge on Bybit, Dogwifhat (WIF) continues to attract the attention of cryptocurrency enthusiasts and meme coin fans. Nevertheless, its journey in the volatile crypto realm remains unpredictable, keeping investors and supporters eagerly awaiting its next steps.