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Dogwifhat is on the rise after Coinbase announced plans to list the memecoin. This news, reported by MK Manoylov, has sparked quite a bit of excitement.
Coinbase updated its asset listing roadmap to include WIF. As a result, WIF jumped about 21% right around the time of the announcement. Earlier that day, PEPE also surged after Robinhood listed it, and Coinbase hinted at adding that coin too.
The Solana-based memecoin Dogwifhat (WIF) saw a noticeable spike on Wednesday afternoon. Coinbase's announcement about listing the asset led to a significant increase in WIF's value.
If liquidity conditions are met, WIF will start trading on Coinbase at or after 3:30 p.m. ET (20:30 UTC) today. Coinbase shared this update on the social media platform X. They mentioned, “Once a sufficient supply of this asset is established, trading on our WIF-USD trading pair will begin in phases. Support for WIF may be limited in some jurisdictions.”
WIF is not the only memecoin benefiting from major exchange listings. Earlier on Wednesday, Robinhood announced it had added PEPE, which saw a 30% jump after that news.
As of 2:32 p.m. ET (19:32 UTC) on November 13, WIF was trading at $4.13. It drew in an impressive $3.9 billion in volume over the past 24 hours. The GMCI Meme index also increased by 5.2%, reaching 496.24.
Currently, Dogwifhat ranks as the 31st largest cryptocurrency, with a market cap of $4.1 billion. This places it below Cronos (CRO) at $4.6 billion and Uniswap (UNI) at $5.2 billion.