The price of Dogwifhat (WIF) saw a massive increase, reaching $41.85 on the ByBit exchange after being listed on the platform. Initially seen as a significant development, the sudden increase is now being considered a technical issue on ByBit's system. ByBit's decision to list Dogwifhat on the spot market represents a milestone for this emerging meme coin.

By listing WIF on the spot market, ByBit has established itself as a key player in meme coin trading. This move hints at potential listings on other major exchanges like Binance and Coinbase, indicating a growing acceptance of Solana meme coins in the cryptocurrency market. Since its launch in late 2023, Dogwifhat has gained popularity and significant trading volume, ranking 41st by market capitalization.

Despite the initial surge, the price of WIF has now stabilized at around $2.69 on various exchanges, including ByBit.