WIF, the native token of Solana meme coin Dogwifhat, has surged 19% and has ranked as a high gainer in the crypto market this day.
On the time of writing, WIF used to be exchanging fingers at $2.31, up 19% in the closing 24 hours, per data from CoinMarketCap (CMC). The crypto asset’s day to day trading quantity used to be also up 34%, hovering round $432 million.
Meanwhile, the meme coin, in step with an image of a Shiba Inu canine sporting a pink knitted cap, has also witnessed its market cap surpass $2.3 billion. Then again, WIF is tranquil trading 55% under its all-time excessive attained on March 31.
The most modern surge in WIF follows a predominant asset manager, VanEck, submitting with the SEC for the foremost-ever Solana replace-traded fund (ETF) in the U.S.
VanEck’s pass has possible bolstered renewed enthusiasm from traders in Solana-basically basically based fully meme coins who sit down up for a ability sign surge in such tokens following the approval of the Solana ETF.
Meanwhile, Market Spotter, identified for his or her developed trading indicators, well-liked on X on July 1 that WIF has damaged the trendline of resistance and has predicted a target sign of $4.5.
WIF’s sign soar also comes amid the broader meme coin market, which has climbed by 4.3%, standing at $49.2 billion in the closing 24 hours. Besides WIF, somewhat a few well-liked meme coins with essential sign surges had been Pepecoin (PEPECOIN), Bonk (BONK), and Brett (BRETT), which recorded beneficial properties of 9%, 8%, and 7%, respectively.
Meanwhile, the worldwide crypto market has also skilled a 3% surge, bringing it to a total valuation of $2.33 trillion. Bitcoin, the pioneering cryptocurrency, is also in the inexperienced, up 2.7% and exchanging fingers at $63,034, per data from CMC.
