Dogwifhat Price Rallies 28% As Binance Announces Listing

1 month ago 22
Dogwifhat Price Rallies 28% As Binance Announces Listing

Binance, world’s leading crypto exchanges, has announced the listing of Dogwifhat (WIF), a dog-faced meme coin based on the Solana blockchain. After Binance made this announcement, the Dogwifhat price surged over 28% in an hour and rebounded from recent losses.

Binance To List Dogwifhat

According to the latest announcement, the Binance listing is scheduled to commence trading on March 5, 2024, at 02:00 p.m. UTC. Moreover, the listing will introduce four new spot trading pairs: WIF/BTC, WIF/USDT, WIF/FDUSD, and WIF/TRY. Notably, no listing fee was levied for WIF.

Furthermore, Binance noted that WIF holders and traders can begin depositing WIF tokens in preparation for trading. Withdrawals are expected to open on March 6, 2024, at 2:00 p.m. UTC subject to potential adjustments. Meanwhile, the Seed Tag will be applied to WIF, indicating its status as an innovative project with higher volatility and risks.

It’s important to note that WIF is considered a relatively new token, and traders are advised to exercise caution and conduct thorough research before engaging in trading activities. Additionally, users interested in trading tokens marked with the Seed Tag will be required to pass corresponding quizzes every 90 days on the Binance Spot and/or Binance Margin platforms.

Also Read: Whale Moves 28 Bln FLOKI Tokens From Binance, Rally To Continue?

Dogwifhat Price Surges 28%

Despite the cautionary notes accompanying the announcement regarding the potential risks associated with trading WIF, the market response has been swift and positive. Following the news, the price of Dogwifhat surged by nearly 27% within just one hour, reflecting significant investor interest and anticipation surrounding the listing on Binance. Earlier, a similar sentiment was noted during Dogwifhat’s Robinhood listing.

The Dogwifhat price was up by 28% in the 1-hour frame. However, in the 24-hour frame, Dogwifhat gained 12% and traded at $1.86 at press time on Tuesday, March 5. Whilst, the Solana meme coin boasted a market cap of $1.85 billion. In addition, the WIF trade volume surged 55.30% to $580.50 million in the past 24 hours.

Moreover, the Dogwifhat price has surged over 236% in the last 30 days, depicting the increasing popularity of the meme crypto. However, the WIF price slumped significantly after attaining the all-time high of $1.92 on Monday. Moreover, before the recent rebound it hit a low of $1.34.

Also Read: Former Binance Execs Pioneer Next-Gen Crypto Exchange Startup

The post Dogwifhat Price Rallies 28% As Binance Announces Listing appeared first on CoinGape.

Read Entire Article