Dogwifhat Community Raises $670,000 to Put the Memecoin on Vegas Sphere

Trending memecoin Dogwifhat (WIF) will be on the Las Vegas Sphere for a week. 

Just three days after the Dogwifhat community proposed a $650,000 fundraiser to put the memecoin on the prestigious Las Vegas Sphere, it met and exceeded its funding targets. On Wednesday, the organizers revealed they had received a total of $670,736 from the Dogwifhat community.

With the community’s resounding support, the dog with a hat-themed memecoin picture is poised to make a thrilling debut on the Las Vegas Sphere for a week. This highly anticipated development has not only captivated the community but also the market, as the token surged over 30% in just 24 hours, reaching a new all-time high of over $2.66 per coin.

Strong Community Support

Despite the competitive dog-related meme sector, the Solana-based Dogwifhat memecoin has managed to stand out, thanks to its unique hat innovation. Memecoins are about community support, and WIF’s recent price surge is attracting the hype the token needs.

Coinfomania reported on March 12 that the Dogwifhat community had realized half its intended fund target before the funds were fully raised today. The FUD from a section of the community seeing the move as the market top has since the fund realization died down, as the token has continued its upthrust in what has been an incredible year so far for WIF.

Dogwifhat will join cryptocurrencies like Bitcoin in graceing the Las Vegas Sphere. Seven months ago, the word “BTC,” accompanied by a red and green candlestick, was displayed on the Vegas Sphere.

WIF Rallies

The value of the Dogwifhat memecoin, WIF, skyrocketed by over 30% in just 24 hours, reaching a new all-time high of $2.66. Since its market debut in late December, the token’s price has surged by an astounding 55,000% from its initial lows of $0.0047, a remarkable feat that underscores its potential for investors.

WIF also joins the rallying memecoin sector, which Coinfomania reported gained over 37% in a single day. The Las Vegas hype will draw more investors to WIF when it gets its slot on the billboard, further raising the prospects of higher price movements.