- Robinhood lists Dogwifhat (WIF), increasing its meme coin choices and market attain.
- Dogwifhat’s value surged 7.73%, stabilizing round $3.35 after the itemizing.
- Robinhood goals to capitalize on the meme coin pattern, now together with European customers.
Robinhood Crypto has added the Solana-based meme coin Dogwifhat (WIF) to its buying and selling platform, increasing the attain of the favored canine-themed token.
This itemizing follows Robinhood’s current addition of Pepe, one other meme coin, earlier in November, marking a pattern of elevated meme coin choices on the platform.
Dogwifhat value soars
Upon the itemizing announcement, Dogwifhat skilled a quick surge in value, climbing by 7.73% to succeed in $3.57 earlier than stabilizing at round $3.351.
The itemizing has expanded WIF’s circulation past the Solana ecosystem, positioning it as a powerful competitor within the rising meme coin market.
With a market capitalization of $3.3 billion, Dogwifhat now ranks because the fifth-largest meme coin, trailing behind heavyweights like Dogecoin, Shiba Inu, PEPE, and Bonk.
Dogwifhat, which drew inspiration from Dogecoin (DOGE), is positioning itself as a light-hearted and revolutionary different.
Since its launch over a yr in the past, Dogwifhat has gained traction within the meme coin area, fueled by a crowdfunding marketing campaign that raised $650,000 in hours to advertise the token on the Las Vegas Sphere. Its rise is a part of a broader pattern within the crypto market, the place meme cash resembling PEPE, DOGE, and SHIB proceed to draw important buying and selling quantity.
Robinhood increasing its crypto choices
Robinhood’s choice to listing Dogwifhat is a part of its technique to broaden its crypto choices and faucet into the booming meme coin market. The buying and selling platform, which had beforehand scaled again its crypto choices amid regulatory uncertainty, is now making a daring return to the market.
The WIF itemizing additionally marks a step towards broader world accessibility, with Robinhood making the token accessible to European customers.
As meme cash proceed to captivate crypto merchants, Robinhood’s expanded choices present its dedication to staying aggressive throughout the quickly evolving market.
With rumours circulating about a possible BONK itemizing, it’s clear that Robinhood is positioning itself as a key participant within the meme coin area.
