Dogwifhat (WIF) Price Surges as Community Raises $700k for Las Vegas Exhibition
The Dogwifhat community has a grand ambition: to showcase their meme on the renowned Vegas Sphere. However, in the first 24 hours, their donation drive fell short of the $650,000 target. Surprisingly, they managed to raise over $700,000 for the viral Solana memecoin Dogwifhat.
Let’s delve into this crowdfunding frenzy!
Meme Coin Mania!
On March 10, the Sphere Wif Hat initiative was launched, and in no time, it gathered an astonishing $702,000 in USD coin donations. Exceeding its initial goal, this grassroots movement not only achieved its financial target but also demonstrated the immense enthusiasm surrounding the Dogwifhat meme.
During this fundraising frenzy, the Solana-based memecoin WIF skyrocketed by 25%, reaching a record high of $3 and pushing its market cap to $3 billion. Ansem, a well-known crypto trader, joyfully proclaimed the successful fundraising milestone on March 13. The meme’s newfound value now surpasses rivals like Solana memecoin Bonk (BONK) and Ethereum token Floki Inu (FLOKI).
Showcasing in Vegas
With the funds secured, Dogwifhat is prepared to illuminate the Las Vegas skyline for a week, marking a triumph for the meme’s devoted community. Initially, donations were modest, ranging from $1 to $100. However, a few generous benefactors stepped forward, each contributing up to $9,999, displaying strong support for the cause.
This magnificent spectacle promises to propel Dogwifhat into the spotlight, transforming it from an obscure digital asset into a household name within the Shiba Inu ecosystem. The upcoming Vegas showcase heralds a new chapter in the meme coin’s journey, potentially igniting widespread interest and engagement.
But Uncertainty Still Lingers
Nevertheless, uncertainties persist regarding whether the Las Vegas sphere will accept the marketing campaign. Skepticism remains in the crypto community, with voices like Ryan Sean Adams cautioning against potential market consequences following such promotional endeavors.
Despite the uncertainties, Dogwifhat has experienced a surge in popularity, attracting attention from various cryptocurrency exchanges eager to list the memecoin. Robinhood and Binance, among others, have joined in, further amplifying the memecoin’s visibility and market presence.