Binance exchange has announced the listing of Dogwifhat (WIF), a Solana-based meme coin, starting on March 5, 2024.
The token, represented by a dog wearing a knitted hat, has experienced over 2,750% price increase since its inception.
According to the exchange announcement, Binance will enable spot trading for WIF across multiple trading pairs, including WIF/BTC, WIF/USDT, WIF/FDUSD, and WIF/TRY.
However, the listing comes with a “Seed Tag” applied to it, showing its high volatility and risks compared to other listed tokens or coins on the exchance.
The team said that all fees on the token are waived. However, Binance will conduct periodic project reviews to decide if the Seed Tag should still be applied to WIF or if it would delist the token entirely.
The announcement pushed WIF’s price by over 30%, reaching an intraday high of $1.88. With a market capitalization of $1.85 billion over a $373 million average daily volume, WIF has risen by 740.8% over the past 30 days.
The memecoin surpassed Floki Inu and Bonk in terms of market cap.
