• The Solana-based meme coin Dogwifhat (WIF) regained momentum after a major listing announcement from a leading crypto exchange
• Bybit announced plans to list WIF on its Spot trading platform, with deposits starting on April 29th and withdrawals on April 30th
• Despite recent volatility, WIF’s price surged over $4.1 on Bybit shortly after the listing announcement
The Solana-based meme coin Dogwifhat has caught the eyes of investors as the WIF price witnessed a slight recovery after a sharp decline recently. Moreover, the Dogwifhat price surged over $41 on the Bybit app shortly after the spot listing.
Price Regains Momentum Amid Major Listing Announcement
The meme coin sector has gained notable traction lately, attracting attention from market participants globally. Notably, the surge in interest towards the segment is evidenced by the rally in meme coin prices like WIF, MEW, BOME and others.
Meanwhile, the surge in the prices of these cryptos suggests that investors are diversifying their focus on other meme coins as well apart from the major cryptos like Dogecoin, Shiba Inu and others. Amid this, a recent major listing announcement of WIF has sparked optimism among investors, especially during the recent selloff in the broader crypto market.
Bybit, a prominent crypto exchange, has revealed plans to introduce the meme coin Dogwifhat (WIF) on its platform. According to the announcement, Bybit will list WIF on its Spot trading platform and the deposit options commenced on April 29 at 8 AM UTC.
WIF Price Recovery Ahead
Usually, the announcement from these major crypto exchanges tends to bolster the market confidence, resulting in a rally for the cryptos. However, considering the recent volatility in the broader cryptocurrency market as well as the meme coin segment, investors should exercise caution before putting their bets.
Meanwhile, despite a sharp decline in the broader crypto market, the Dogwifhat WIF price soared 0.93% and exchanged hands at $2.73 during writing. However, its trading volume plunged -15.17% to $24.309 million from yesterday.
Notably, the meme coin has witnessed a high of $2.79 and a low of $2.60 in the last 24 hours, suggesting the heightened volatile condition of the crypto.
Conclusion
The Solana-based meme coin Dogwifhat (WIF) has caught investor attention after a listing announcement led to a slight price recovery. However, caution is still advised amid the coin’s ongoing volatility. While the listing initially boosted confidence, the meme coin segment remains risky. Investors should carefully weigh the current crypto market fluctuations before making any decisions.
