The giant cryptocurrency exchange Binance has made a move that fans the flames of the memecoin hype by announcing it will list Dogwifhat (WIF).
Binance to List Dogwifhat (WIF)
Cryptocurrency exchange Binance announced today at 17:00 TRT that it will list the popular memecoin Dogwifhat‘s WIF token. In line with this, the exchange will initiate trading operations for WIF in the spot market with WIF/BTC, WIF/USDT, WIF/FDUSD, and WIF/TRY trading pairs.
Binance has started WIF deposit transactions for its users to prepare for trading, and noted that withdrawal transactions will begin on March 6, 2024, at 17:00 TRT.
The cryptocurrency exchange also noted that it will list WIF with a “Seed Label” considering its unique structure and the increased volatility and risk potential. This designation indicates that WIF is a new project in the world of cryptocurrencies and carries a higher risk compared to more established altcoins listed on the exchange.
The Memecoin Hype Takes WIF to New Heights
Dogwifhat is a popular memecoin in the cryptocurrency world, symbolized by a dog adorned with a hat, built on the Solana Blockchain. The Altcoin, with its meme-inspired concept, carries a humorous element and is gaining significant attention with the ongoing memecoin craze.
According to CoinMarketCap’s data, although the price of WIF turned upwards following Binance’s listing announcement, at the time of writing this article, it has seen a decrease of nearly 1% in the last 24 hours, trading at $1.77. Despite this decrease, the data shows that the altcoin‘s price has risen by 225.60% in the last 7 days and by 682.30% in the last 30 days.
