Dogwifhat (WIF) massive pump on Bybit after listing causes market frenzy

Dogwifhat (WIF) massive pump on Bybit after listing causes market frenzy

By Charles Thuo - min read
Updated 27 June 2024
Dogwifhat massive pump on Bybit after listing causes market frenzy
  • Dogwifhat (WIF) was listed on Bybit crypto exchange today.
  • Immediately after listing the meme coin’s price hit $41.85 before quickly retracing.
  • At press time, Dogwifhat (WIF) was trading at $2.61, down 6.13% in the past 24 hours.

Dogwifhat (WIF), the latest sensation in the world of meme coins, caused a frenzy on the Bybit exchange shortly after its listing.

Within minutes of trading going live, the price of Dogwifhat skyrocketed by a staggering 1,450%, reaching a high of $41.85. The surge was, however, short-lived as the price quickly retreated back to $2.64, aligning with the token’s price across the broader market.

Dogwifhat explosive surge first day on Bybit

Dogwifhat (WIF) trading on Bybit commenced at 8:50 a.m. ET on Bybit and in just over 10 minutes, the token’s price surged from $2.70 to its peak of $41.85, marking an extraordinary spike.

WIF price pumps and dumps on Bybit

Interestingly, the sudden price increase was confined solely to Bybit, with no notable impact on other major exchanges like Binance.

CoinGecko data reveals that Binance facilitates a significant portion of Dogwifhat’s trading volume, yet its price remained unaffected by the Bybit surge.

The Dogwifhat (WIF) meme coin sensation

Dogwifhat, adorned with the image of a dog donning a hat, quickly gained traction amid the recent memecoin trading frenzy.

Notable traders and influencers, including Hsaka and Ansem, threw their support behind Dogwifhat, contributing to its popularity.

Moreover, the coin’s community rallied to raise $700,000 to showcase Dogwifhat’s image on the iconic Las Vegas sphere for a week, although the execution of this plan remains uncertain.

With its brief but monumental surge on Bybit, Dogwifhat (WIF) continues to captivate the attention of crypto enthusiasts and meme coin aficionados alike.

However, despite its transient glory on Bybit, the coin’s journey in the volatile world of cryptocurrencies remains unpredictable, leaving investors and supporters eagerly anticipating its next move.