Dogwifhat (WIF) Surpasses PePe to Become Third-Largest Meme Coin, Aims to Dethrone SHIB with Price Surging to $4.

Dogwifhat (WIF) has made a splash in the cryptocurrency market as it surpasses PEPE to claim the title of the third-largest meme coin. With its price surging to $4, Dogwifhat now has an impressive market capitalization of $4 billion, positioning it just behind leading meme tokens DOGE and SHIB.

WIF Surpasses PEPE

Today, WIF’s price exceeded $4, solidifying its position as a significant player in the meme-inspired cryptocurrency space. This surge has propelled WIF beyond PePe’s market cap, with PePe now standing at $3.27 billion, trailing WIF by approximately $730 million. This achievement highlights the growing popularity of WIF and the increasing confidence among investors in its potential for further growth.

Remarkable Profit for WIF Holders

The largest holding address for WIF, identified as 2Fcm…PE6d, has seen a staggering profit of $135 million, representing a remarkable increase of 1440%. The holder began accumulating WIF tokens in December 2023, with an average purchase price of $0.248. Despite the significant price increase, they have chosen to hold onto their investment, demonstrating their belief in WIF’s future.

Analysts Bullish on WIF’s Future

Former CEO of BitMEX, Arthur Hayes, expressed optimism about WIF’s potential, predicting that its price could surge past $10 in the coming years. This bullish outlook is supported by the coin’s recent value spike and expanding market capitalization.

However, recent data from Coinglass reveals significant liquidations totaling $2.09 million, with both long and short liquidations contributing to this figure. Despite a slight retreat from its all-time high, the open interest remains up by 29% at $528.6 million.

As investors continue to be drawn to meme coins, Dogwifhat’s position as the third-largest meme token is expected to attract even more attention and investment in the future.