Dogwifhat (WIF) surges by 26.76% to $1.03 on Solana. This viral memecoin is attracting investors with a record volume. Let's analyze the reasons behind this rise and its future prospects!
The memecoin Dogwifhat (WIF) records a spectacular 16.76% increase in the last 24 hours, reaching $1.03 at the time of writing. With trading volume skyrocketing to $513 million – up by 131.45% from yesterday – and a near-billion-dollar market cap, this Solana memecoin is ranked as the 72nd largest crypto on CoinMarketCap.
Analysis of the factors driving WIF and its prospects, including a potential target of $2 and another at $4 for the medium term.
Dogwifhat is emerging as a leader among memecoins, with a 16.76% increase in 24 hours. After surpassing the symbolic threshold of $1.04 in recent days, the price remains at $1.03. This rebound is accompanied by a record volume of 513 million, indicating massive enthusiasm among investors.
This momentum is part of a resurgent Solana ecosystem, where SOL gained 5.40% over the same period.
After a correction in the first quarter of 2025, Solana memecoins, including WIF, are bouncing back since early June. While SPX6900 and Fartcoin paved the way in preceding days, memecoins like BONK, WIF, PENGU, and MOODENG have taken the reins with gains exceeding 10%.
Since its listing on Coinbase in late 2024 and on Robinhood, WIF has broadened its reach, attracting new investors. On-chain data shows an increase in holders, growing from 180,000 in January to over 250,000 in June 2025, according to Solana Explorer, despite typical memecoin volatility.
From a technical standpoint, WIF shows promising potential. According to trader EWcycles, Elliott Waves project WIF’s price to $4.3, potentially starting its wave 3.
The 16.76% surge of Dogwifhat to $1.04 on June 10, 2025, supported by a $513 million volume, highlights the potential of Solana memecoins. Backed by growing adoption and an active community, WIF could aim for $2, even $4 in the coming weeks.
To benefit from this over 100% surge according to Elliott Waves, here’s a guide to acquire it on Bitget:
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies involve high risks; conduct your own research before investing.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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