Dogwihat (WIF), a well-known meme token on Solana, has seen a significant increase in market value, going from $0.25 to a high of $0.341, up 17%. Following the token’s recent listing announcement on BitMex, a significant cryptocurrency exchange, there has been a noticeable rise.
The main source of this increase seems to be BitMex’s announcement of an upcoming perpetual contract for WIF, along with the possibility of up to 10x leverage. Increased interest and investment in WIF have been sparked by BitMex, a prominent player in the cryptocurrency field acknowledged for its significance with a $434.98 million turnover in futures trading volume over the previous 24 hours, according to CoinGlass, and supported by Arthur Hayes.
https://x.com/BitMEX/status/1747170018633420872?s=20
Even though Dogwihat has seen fast and substantial market gains, the listing on BitMex has larger ramifications for the company. The coin’s performance on this significant exchange may work as a springboard, drawing interest from bigger marketplaces like Coinbase and Binance.
Hat still on
Dogwihat is now positioned as a significant participant in the meme token market thanks to recent developments. WIF climbed to the eighth rank among meme tokens in just two months, with a $300 million market valuation.
As per the news of BitMex’s listing, WIF has gained acknowledgement as a much-awaited meme coin. The project’s distinctive visual identity—which draws inspiration from a Shiba Inu wearing a knit cap—has drawn notice from the cryptocurrency community and helped it become more well-known and visible on the market.
