Dogwifhat Becomes 4th-Largest Meme Coin as Community Completes Fundraising for Las Vegas Sphere Showing

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Bitget2024/03/14 03:33

By:Bitget

The Solana blockchain's red-hot meme coin dogwifhat (WIF) is heading to Las Vegas after community members raised enough funds to display the token's mascot – a Shiba Inu wearing a pink beanie – on the Sphere, the city's orb-shaped entertainment venue. The campaign garnered over $690,000 in USDC stablecoin in donations as of Wednesday, completing the fundraising in less than four days and overshooting the $650,000 target, the campaign's website said.

Benefitting from the fundraising's attention, WIF gained 35% over the past 24 hours, CoinMarketCap data shows, while the broader crypto market was modestly up with BTC advancing roughly 3%-4% during the same period.

Dogwifhat became an instant hit since its launch late last year, emerging as one of the most popular memes of this crypto market cycle, driven by crypto investors' bewildering affection for canine-themed coins such as DOGE, SHIB, or BONK.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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