7 months ago
35 ARTICLE AD
The meme coin deployed on Solana experienced a bug within the exchange’s order book, prompting its price to quickly go over $41.
The meme coin Dogwifhat (WIF) price quickly surpassed $41 after being listed on the crypto exchange Bybit yesterday, as reported by the profile Degen News on X. The order was filled and sold instantly, as the chart shared in the post shows.
NEW: @solana MEMECOIN $WIF (@dogwifcoin) WICKED PAST $40 ON @Bybit_Official SHORTLY AFTER SPOT LISTING pic.twitter.com/R9qHrNGNzC
— DEGEN NEWS 🗞️ (@DegenerateNews) April 29, 2024
At the price of $41.84, WIF would have a $41.7 billion market cap, granting the spot of sixth largest crypto by surpassing USD Coin (USDC).
Even though it was something potentially caused by a bug, the WIF uncommon candle wick is a breath of fresh air for Solana meme coin investors, as all the 10 largest tokens in this category have shown losses over the past week.
Data aggregator CoinGecko shows that WIF is down 19.5% at the time of writing, while Bonk tanks 1.9%. Despite the small pullback, Bonk was showing a positive performance before the 12% correction seen in the last 24 hours.
10 largest meme coins on Solana by market cap. Image: CoinGeckoCat-themed coins MEW, POPCAT, WEN, and MANEKI are also among the largest Solana meme coins in the red, exhibiting losses of 37.2%, 11%, 29%, and 30.2%, respectively. However, the most significant drawdown from the group is shown by BODEN, which slumped 49.3% in the same period.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
