- Robinhood launches Dogwifhat (WIF), increasing its meme coin choices and market attain.
- Dogwifhat rose 7.73% to stabilize round $3.35 after the IPO.
- Robinhood goals to capitalize on the meme coin development, now together with European customers.
Robinhood Crypto has added Solana-based meme Coin Dogwifhat (WIF) to its buying and selling platform, increasing the favored dog-themed token's attain.
This itemizing follows the latest addition of Pepe, one other meme coin that Robinhood lately added, in early November, marking a development of elevated provide of meme cash on the platform.
Dogwifhat worth goes up
After the itemizing was introduced, Dogwifhat noticed a short spike in worth, climbing 7.73% to $3.57 earlier than stabilizing round $3.351.
The itemizing expanded WIF's circulation past the Solana ecosystem, making it a powerful contender within the rising meme coin market.
With a market cap of $3.3 billion, Dogwifhat is now the fifth largest meme coin, behind heavyweights like Dogecoin, Shiba Inu, PEPE, and Bonk.
Drawing inspiration from Dogecoin (DOGE), Dogwifhat positions itself as a carefree and modern various.
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 inside hours to advertise the token within the Las Vegas Sphere. Its rise is a part of a broader development within the crypto market, the place meme cash akin to PEPE, DOGE and SHIB proceed to draw important buying and selling quantity.
Robinhood is increasing its cryptocurrency providing
Robinhood's resolution to checklist Dogwifhat is a part of its technique to increase its cryptocurrency providing and faucet into the booming meme coin market. The buying and selling platform, which beforehand scaled again its cryptocurrency choices attributable to regulatory uncertainty, is now making a daring return to the market.
The WIF itemizing additionally marks a step in direction of wider world availability as Robinhood makes the token accessible to European customers.
As meme cash proceed to captivate cryptocurrency merchants, Robinhood's expanded providing demonstrates its dedication to stay aggressive in a quickly evolving market.
With rumors swirling a few potential BONK itemizing, it's clear that Robinhood is positioning itself as a key participant within the meme coin area.
