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Solana Meme Coin Soars to $41 on Bybit (WIF)

Solana Meme Coin Soars to $41 on Bybit (WIF)

Investor attention has been drawn to the Solana-based meme coin Dogwifhat, as the WIF price has slightly recovered following a recent severe dip. Furthermore, soon after the spot listing, the Dogwifhat price on the Bybit app increased by more than $41.

Meanwhile, the price of the meme coin has rebounded following a major listing announcement from a key crypto exchange, spurring hope among investors. Let’s examine the essential listing information and the recent WIF price movement.

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Price Maintains Acceleration During Significant Listing Disclosure

Recently, the meme coin industry has become rather popular and is drawing interest from players in the business all over the world. Notably, the spike in attention towards the segment is reflected by the rally in meme coin values like WIF, MEW, BOME, and others. 

In the meantime, the spike in these cryptocurrencies’ values indicates that investors are shifting their attention from the leading meme coins like Dogecoin, Shiba Inu, and others to other meme coins. Amid this, investors have been encouraged by WIF’s recent huge listing announcement, particularly during the recent selloff in the larger cryptocurrency market.

The well-known cryptocurrency exchange Bybit announced that it would launch Dogwifhat (WIF), a meme coin, on its platform. According to the release, bybit will list WIF on its Spot trading platform, and the deposit options started on April 29 at 8 AM UTC.

Bybit lists the meme currency since it satisfies the platform’s liquidity requirements. Withdrawals will begin the next day, April 30, at 10 AM UTC. The notice also mentions that consumers can access deposit and withdrawal options using the Solana network.

 

Is a WIF Price Recovery Coming?

The statements from these significant cryptocurrency exchanges typically boost market confidence and cause a spike in the value of cryptocurrencies. However, investors should proceed with caution before placing their bets, given the recent volatility in both the meme coin market and the larger cryptocurrency market.

Meanwhile, Dogwifhat (WIF) increased in price by 0.93% and traded at $2.73 while writing, despite a steep decrease in the overall cryptocurrency market. However, its trading volume fell 15.17% compared to yesterday to $243.09 million.

In the past 24 hours, the meme coin has seen highs of $2.79 and lows of $2.60, indicating the cryptocurrency’s elevated volatility.  

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