On November 13, the meme coin Dogwifhat, known as WIF, saw a significant 37% increase following the announcement of its listing on the cryptocurrency exchange Coinbase.
Market Reaction to Listing News
The Solana-based meme coin Dogwifhat (WIF) rallied to $4.21, its highest price since March, after being added to Coinbase's listing roadmap. The purchase of meme coins intensified, leading to a value increase similar to Dogecoin and Pepe, which also benefited from listings on Coinbase and Robinhood.
Dogwifhat Historical Price Dynamics
Ahead of its listing on Coinbase in March, WIF reached its all-time high of $4.83. At that time, there was active trading in the cryptocurrency market, and perpetual futures support for the Dogwifhat meme coin was announced on Coinbase Advanced and Coinbase International.
Current State and WIF Prospects
As of the morning of November 14, WIF was trading at $4.19, up nearly 40% in the last 24 hours. Its market cap reached $4.19 billion, and trading volume increased by 134.13% to reach $3.94 billion. Listings on platforms like Binance or Coinbase typically drive market activities, significantly increasing open interest in the meme coin, which rose by over 40% to $729 million.
Listing on major exchanges like Coinbase has validated Dogwifhat's potential in the cryptocurrency market, leading to a significant increase in its value. The prospects for Dogwifhat appear positive given the increased attention and liquidity.
