Dogwifhat is Latest Solana Meme Coin to Surge, is it the Next Bonk as Sponge V2 Also Gains Momentum

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WIF takes full advantage of the Dogwifhat meme – made famous by big Gamers – and soars within a few days of launch – jumping over 100% in a day.

Meanwhile, the newly upgraded meme coin Sponge V2 also looks set to make its holders gains.

Dogwifhat Takes Off with Strong Gains

$WIF went live on the Solana blockchain on December 18th, carrying an initial market cap of $100 million before doubling to over $220 million today. The surge began on the 20th when $WIF’s trading price bounced off of $0.105 to reach an ATH (all-time high) of $0.3313 by the 22nd.

According to CoinMarketCap, it corrected to $0.2286 before climbing past $0.25, at the moment of writing.

Dogwifhat took shape as early as November 2019 when (now retired) professional Fortnite player, Issa “Issa” Rahim, changed his X (Twitter) profile image to the famed Shiba Inu dog – except it wore a hand-knit beanie.

A commenter with the handle @Vapurly (who is currently suspended) wrote under the image “Dogwifhat”. By the 20th, Fortnite Streamer, Vraxito changed his profile picture to the same image, and Issa tweeted in response “dogwifhat taking over”.

And indeed it was, with more and more high-profile gamers propelling the trend. Leading eSports organizations like Rogue, G2 Esports, and Cloud9 also hopped on the trend as well as popular American YouTuber, Keemstar.

Thus the meme was born and, most importantly, customisable – with different hats and styles sitting atop the Shiba Inu, per profile.

$WIF takes advantage of Solana’s high-performing network – known for its incredible speed, handling up to 65,000 transactions per second. Its PoS (Proof of Stake) consensus boasts tremendous efficiency, and with efficiency comes low transaction fees.

Another meme coin currently making waves is Sponge V2, the upgraded version of the Sponge token which saw huge gains last year.

Sponge V2 Set to be Bigger than Ever

$SPONGEV2 is the latest offering from the vibrant $SPONGE meme coin community. Meme coin enthusiasts might recall $SPONGE V1’s remarkable journey, as it soared from a $1 million valuation at its inception to an impressive market capitalization exceeding $100 million in the spring of 2023, netting early investors huge gains.

Despite $SPONGE’s subsequent decline, its appeal remains strong. The token currently maintains a base of more than 11,000 token holders and has secured listings on several prominent exchanges, including MEXC, Gate.io and Poloniex.

The team is set to introduce a Play-to-Earn game, potentially drawing in new investors. $SPONGEV2 securing spots on platforms like Binance and OKX could significantly elevate the value of the token, resulting in substantial returns.

With the meme token running on the Ethereum network, it boasts robust speeds and is in line to take advantage of ETH’s potential gains in the coming months.

You can buy $SPONGE with ETH, USDT or Card, then stake that V1 token in order to bridge to the Sponge V2 smart contracts. If you’ve been a long-term holder of the V1 token, be aware that once you stake them they’re irrevocably locked.

But the more tokens you stake, the more V2 you earn, and if you missed Sponge’s famous 100x pump a few months ago, then you probably won’t want to miss out on this opportunity.

There are 16,800,916,140 tokens remaining, so now’s the time to take advantage of the presale. You can keep up to date with the latest developments of the project via their X, Telegram, and Discord.

Visit Sponge V2 Presale

 

 

Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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