Dogwifhat ‘Looks Solid’ Says Crypto Trader As Dog-Themed Crypto Surges 8% Even As Dogecoin, Shiba Inu Bleed

Canine
coin

dogwifhat

WIF/USD
bucked
the
broader
memecoin
slump
to
post
healthy
gains
Thursday.

What
Happened:
The

Solana

SOL/USD-based
coin,
which
features
a
Shiba
Inu
puppy
wearing
a
pink-knitted
hat,
spiked
more
than
8%
in
the
last
24
hours
to
a
1-month
high.

The
surge
came
even
as
the
broader
memecoin
market,
including
blue-chip
currencies,
tumbled.

Dogecoin

DOGE/USD,

Shiba
Inu

SHIB/USD,
and
Pepe

PEPE/USD
were
all
trading
in
the
red
as
of
this
writing.
The
total
memecoin
market
cap
shrank
4.21%
in
the
last
24
hours

WIF’s
spike
extended
its
weekly
gains
to
over
51%,
the
highest
in
the
cryptocurrency
market.
Year-to-date,
the
dog-themed
coin
has
jumped
a
staggering
1471%,
the
largest
among
memecoins
with
a
market
cap
greater
than
$1
billion.

See
Also:

Bitcoin,
Ethereum,
Dogecoin
Fall
As
Trump’s
Presidency
Odds
Dip
On
Prediction
Market:
Analyst
Highlights
‘Long
The
Dip
Time’

Why
It
Matters:
A
widely-followed
cryptocurrency
trader
on
X,
going
by
the
pseudonym

HornHairs
said
that
the
coin
was
poised
for
further
gains
if
it
manages
to
hold
above
$2.20.
The
trader
flagged
$3
as
the
next
target
for
the
cryptocurrency.

Price
Action:
At
the
time
of
writing,
WIF
was
exchanging
hands
at
$2.41,
up
8,72%
in
the
last
24
hours,
according
to
data
from
Benzinga
Pro.