The Dogwifhat community has a big dream: to showcase their meme on the famous Vegas Sphere. But, in the first 24 hours, their donation drive fell short of its $650,000 target. Yet, surprisingly, they managed to raise over $700,000 for the viral Solana memecoin Dogwifhat.
Let’s dive into this crowdfunding craze!
On March 10, the Sphere Wif Hat initiative launched, and within no time, it collected a whopping $702,000 in USD coin donations. Surpassing its initial goal, this grassroots movement not only hit its financial target but also showcased the intense enthusiasm surrounding the Dogwifhat meme.
During this fundraising frenzy, the Solana-based memecoin WIF soared by 25% to hit a record high of $3, pushing its market cap to $3 billion. Ansem, a well-known crypto trader, joyfully announced the successful funding milestone on March 13. The meme’s newfound value now stands tall, beating rivals like Solana memecoin Bonk (BONK) and Ethereum token Floki Inu (FLOKI).
Also Read: Are Memecoins the Next Big Thing? PEPE, WIF, and BONK Breaking Every New All-Time Highs!
Showcasing in Vegas
With the funds secured, Dogwifhat is ready to light up the Las Vegas skyline for a week, marking a victory for the meme’s loyal community. Initially, donations were modest, ranging from $1 to $100. But a few generous donors stepped up, each contributing up to $9,999, showing strong support for the cause.
This grand spectacle promises to thrust Dogwifhat into the limelight, turning it from an obscure digital asset into a household name within the Shiba Inu ecosystem. The upcoming Vegas showcase opens a new chapter in the meme coin’s journey, potentially sparking widespread interest and engagement.
However, uncertainties remain about whether the Las Vegas sphere will accept the marketing campaign. Skepticism persists within the crypto community, with voices like Ryan Sean Adams warning of potential market repercussions following such promotional endeavors.
Despite the uncertainties, Dogwifhat has seen a surge in popularity, attracting attention from various cryptocurrency exchanges eager to list the memecoin. Robinhood and Binance, among others, have joined in, further amplifying the memecoin’s visibility and market presence.
Read More: Dogwifhat Price Prediction: Can WIF Price Hit $5 Before Robinhood?
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