Dogwifhat (WIF) Is Up 27% After Listing on Binance
The world's leading exchange Binance today listed the much-talked-about memecoin Dogwifhat (WIF). The asset responded with an immediate 27% increase.
On its X account, the world's leading crypto exchange Binance announced the listing of the memecoin Dogwifhat (WIF). The announcement said that trading on the exchange's spot market began immediately. Binance has opened trading of WIF on several spot trading pairs including WIF/BTC, WIF/USDT, WIF/FDUSD and WIF/TRY. Withdrawals will be available starting March 6, 2024.
#Binance will list @dogwifcoin $WIF with Seed Tag Applied.
— Binance (@binance) March 5, 2024
➡️ https://t.co/zlKeAgCLO6 pic.twitter.com/76nuDTbsAO
The announcement triggered a short-term surge of Dogwifhat (WIF) by 27% to a daily high of $1.93. Thus, the coin consolidated its continued growth amid the popularization of memecoins.
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Dogwifhat is a popular meme featuring the iconic image of a Shiba Inu puppy with a knitted hat, which appeared in 2020 and caught the attention of the cryptocurrency community in 2023. The Dogwifhat (WIF) coin is part of the Solana ecosystem and has seen its price skyrocket in its short existence.
Although Binance has accepted Dogwifhat, it has tagged the coin with a Seed Tag. This indicates that the token is riskier and may experience higher volatility compared to other tokens. This tag also indicates innovative projects that may carry greater risks, and users will need to pass the appropriate tests every 90 days to gain access to trade tokens from this category.
