Solana Meme Coin Dogwifhat (WIF) Hits $41 On Bybit After Spot Listing
Highlights
- Solana's meme coin WIF sees a slight price recovery after a recent sharp decline.
- The price recovery follows a major listing announcement from a leading crypto exchange.
- Despite market fluctuations, caution is advised as WIF's price remains volatile.
The Solana-based meme coin, Dogwifhat has caught the eyes of the investors, as the WIF price witnessed a slight recovery after witnessing a sharp decline recently. Moreover, the Dogwifhat price surged over $41 on the Bybit app shortly after the spot listing.
Meanwhile, the price of the meme coin has rebounded following a major listing announcement from a prominent crypto exchange, which seems to have sparked optimism among investors. So, let’s explore the key listing details and the recent price performance of the WIF price.
Price Regains Momentum Amid Major Listing Announcement
The meme coin sector has gained notable traction lately, attracting attention from market participants globally. Notably, the surge in interest towards the segment is evidenced by the rally in meme coin prices like WIF, MEW, BOME, and others.
Meanwhile, the surge in the prices of these cryptos suggests that the investors are diversifying their focus on other meme coins as well apart from the major cryptos like Dogecoin, Shiba Inu, and others. Amid this, a recent major listing announcement of WIF has sparked optimism among investors, especially during the recent selloff in the broader crypto market.
Bybit, a prominent crypto exchange, has revealed plans to introduce the meme coin Dogwifhat (WIF) on its platform. According to the announcement, Bybit will list WIF on its Spot trading platform, and the deposit options commenced on April 29, at 8 AM UTC.
Meanwhile, Bybit said that it is listing the meme coin as it meets the liquidity requirements of the platform, and the withdrawals will start a day after on April 30, at 10 AM UTC. In addition, the announcement notes that the users can avail of the deposit and withdrawal options through the Solana network.
Also Read: Binance Extends Support For SOL, SHIB, XRP, ADA, Price Recovery Ahead?
WIF Price Recovery Ahead?
Usually, the announcement from these major crypto exchanges tends to bolster the market confidence, resulting in a rally for the cryptos. However, considering the recent volatility in the broader cryptocurrency market, as well as the meme coin segment, investors should exercise caution before putting their bets.
Meanwhile, despite a sharp decline in the broader crypto market, the Dogwifhat (WIF) price soared 0.93% and exchanged hands at $2.73 during writing. However, its trading volume plunged 15.17% to $243.09 million from yesterday.
Notably, the meme coin has witnessed a high of $2.79 and a low of $2.60 in the last 24 hours, suggesting the heightened volatile condition of the crypto.
Also Read: BONE Price Primed To Rally? Shiba Inu Executive Hints As ShibaSwap Goes Multi-Chain
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