Dog Coin in Hat Skyrockets 227,000% in Month, Turning Traders into Millionaires
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Dogwifhat (WIF), a Solana meme coin featuring a dog with a hat, is up 227,000% in under a month. It recently broke $0.14 with $29 million volume.
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Early adopters have earned hundreds of thousands from small investments. One trader turned $300 into $300k.
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The success has spread to Dogwifhat NFTs, with the cheapest now selling for $955, up from under $15.
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This continues a frenzy of meme coin mania on Solana, with boosters citing it as proof of Solana's strengths.
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Traders say Solana's low fees make it easy to speculate on meme coins compared to Ethereum.