The recently popular meme coin of the Solana network dogwifhat (WIF) managed to attract attention with a 17% increase in its price. The price attracted attention by increasing from $ 0.25 to $ 0.341 during this period. The reason for the rise was the latest listing news announced by BitMex. However, the price recorded a correction of up to 20% after this rapid rise.
As Koinfinans.com reported, BitMex’s listing for WIF with up to 10x leverage option is the main reason for this rise.
BitMex, known for its influence in the crypto space and endorsed by Arthur Hayes, with a reported turnover of $434.98 million in futures trading volume in the last 24 hours, according to CoinGlass. meme coin contributed greatly to its price.
Although the price reacted quickly to this listing, providing a positive outlook, the listing on BitMex has broader implications for Dogwifhat. The coin’s success on this major exchange could serve as a stepping stone, attracting the attention of larger platforms such as Binance and Coinbase.
WIF attracted attention by rising to seventh place among meme tokens with a market value of $ 300 million in the last two months.