Here’s Why Dogwifhat (WIF) Is Skyrocketing Over 25% Today
Highlights
- Solana-based meme coin dogwifhat surged more than 25% today.
- Price jumped following listing by South Korea's largest crypto exchange Upbit.
- Derivatives markets revealed massive buying sentiment for WIF.
Solana-based meme coin dogwifhat (WIF) price has surged more than 25% in the past few hours with massive trading volumes. This comes following the WIF listing by South Korea’s largest crypto exchange amid bullish momentum in the broader crypto market.
Upbit Announces Dogwifhat Listing
South Korea’s largest crypto exchange Upbit revealed plans to list dogwifhat, according to an official announcement on May 6. This has sparked massive reactions within the crypto community.
The token is now available for trading in KRW, BTC, and USDT pairs, opening it to a massive new audience in one of the world’s most active crypto markets. Users can start trading WIF at 16:00 KST today.
Upbit listings have historically acted as a catalyst for meme coins, providing liquidity, visibility, and massive buying pressure. The crypto exchange pointed out that deposits and withdrawals are supported only on the Solana network.
“Please be sure to check the network before depositing digital assets. Deposits and withdrawals via networks other than the listed networks are not supported,” Upbit said.
WIF Price Jumps More Than 25%
WIF price has broken key trendline and resistance levels, climbing from around $0.19 to highs near $0.25. Dogwifhat price action shows strong bullish momentum, with the token outperforming many peers in the meme coin sector.
WIF price is currently trading at $0.241, with a massive more than 416% jump in trading volume. Solana-based meme coins are also rising today as the community moves to capitalize on the Upbit listing announcement.
JUST IN: $WIF (dogwifhat) surges 25.4%, driven by its listing on Upbit. pic.twitter.com/thO8oaei5h
— CoinGecko (@coingecko) May 6, 2026
The derivatives market showed massive buying in the last few hours, as per CoinGlass data. At the time of writing, the total WIF futures open interest has surged almost 50% to $160.96 million in the past 24 hours.
The 4-hour dogwifhat futures open interest was up more than 37%. Notably, WIF futures OI on Binance, OKX, and Bybit climbed more than 48%, 49.50%, and 72%, respectively. However, traders must keep an eye on potential profit booking after the sharp rise.
If you’re looking to buy meme coins amid recent upside momentum in the broader crypto market, check out our top dog-themed meme coins recommendations list.
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