New Solana Meme Coin DogWifCat Sparks Frenzy with 2,367% Surge in 24 Hours

March 25, 2024
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2 min read

This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

New dog-themed meme coin DogWifCat on Solana skyrockets 2,367% in its first day, attracting whale interest and sparking investor frenzy.

Solana whales witnessed a whirlwind of excitement as the latest Solana meme coin, DogWifCat ($DWIFC), launched on Wednesday, March 20th, at 17:00 UTC, surging an astonishing 2,367% to $0.01021 within 24 hours.

As Bitcoin scales to new heights, the spotlight in the crypto sphere has shifted towards the Solana blockchain, with the emergence of meme coins like BONK, Dogwifhat, $SMOG, $BOME and $SLERF. 

These meme coins collectively represent the resilience and value of the Solana ecosystem. The launch of DogWifCat highlights the latest addition to this growing market, quickly gaining momentum shortly after its inception.

SWAP YOUR $SOL FOR $DWIFC

Unlike its predecessors, DogWifCat distinguishes itself by opting for a rhyming cat instead of the conventional hat motif. This departure from the norm adds a unique appeal, resonating with the ethos of virality prevalent in the meme coin domain.

In less than a day since its debut, DogWifCat has soared to a market capitalisation of $10.07 million, accompanied by a staggering trading volume of $7 million. 

Moreover, the coin boasts ample liquidity, with current liquidity standing at $4.31 million, facilitating substantial transactions.

With a total token supply of 1 billion, DogWifCat has already garnered 1,390 token holders, indicating widespread interest and participation in a remarkably short span.

However, DogWifCat’s value extends beyond its branding, as evidenced by notable crypto whale investments, including a $102,000 buy, underscoring growing confidence and anticipation surrounding the coin's potential.

In the context of the broader Solana ecosystem, investors are contemplating strategic portfolio adjustments, considering the possibility of reallocating profits from high-flying tokens like $BONK, $MYRO, $BOME and $SLERF to capitalise on the momentum of DogWifCat.

As highlighted on the DogWifCat website, the coin's premise revolves around simplicity: "Much coin, such meme, add cat. DogWifCat = so investment." 

This expression captures DogWifCat's appeal, which aims to embody the convergence of novelty and investment potential synonymous with meme coins.

Echoing sentiments reminiscent of previous meme coin successes, market observers speculate that DogWifCat could emulate the meteoric rise witnessed by predecessors like $BOME or even surpass the market capitalisation achieved by $SLERF, currently valued at nearly $400 million.

BUY $DWIFC ON JUPITER OR RAYDIUM

The recent performance of meme coins underscores the dynamic nature of the crypto market, with tokens like $SLERF setting record-breaking trading volumes, rivalling those of established platforms like Ethereum.

The surge in interest towards Solana, once dismissed as a 'Sam coin', has defied initial skepticism, with Solana-based meme coins have become a popular choice for investors worldwide.

While coins like $SLERF experience fluctuations amidst developer-related uncertainties, DogWifCat emerges as a compelling alternative.

As the cryptocurrency market enters a new phase of growth, meme coins like DogWifCat are positioned to become the next in line to 1000x and at its current low market cap, Investors have an opportunity to get in early for the biggest gains down the line.

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.
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This Brand Press article was not written by Techpoint Africa’s editorial team. To promote your brand via Brand Press, please email business@techpoint.africa.

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