New Solana meme coin $DWIFC hits top trending spot and $30M market cap hours after launch
A new Solana-based meme coin is quickly trending after surging almost 15,000% to reach an incredible $30 million market cap peak on its first day of trading.DogWifCat ($DWIFC) recently stormed onto the market to an overwhelming reception as traders flooded to the new contract to buy into the quickly moving Solana-based meme coin.
DofWifCat follows the DogWifHat ($WIF) trend as it seeks to capitalise on its popularity. Its first-day performance already shows its immense capability.
With a hilarious meme, top-tier viral potential, a completely fair launch, and whales backing the project — DogWifCat ($DWIFC) is shaping up to become the next meme coin sensation in the market.
Spotlight WireDogWifCat Coin launches and trends after hitting $30M market cap in hoursNewly launched DogWifCat ($DWIFC) is one of the hottest trending tokens in the market today after the Solana-based meme coin surged by almost 15,000% in its first 24 hours of trading, allowing it to reach an astonishing $30 million market cap peak in a matter of hours:
Spotlight WireThe popularity of the meme coin has allowed it to sit on the DexTools top-trending hot pairs for the past 24 hours, sitting alongside giant meme coins like $SLERF, $BOME, and $SMOLE:
Spotlight WireWith the project trending, $DWIFC has positioned itself as a potential contender to become the next Solana-based meme coin to enter into the billion-dollar market cap club.
Traders anticipate an accelerated Binance listing for $DWIFC, given that the token was launched fairly on the Jupiter DEX at 17:00 on March 20, setting up a perfect scenario for a listing on the major exchange.
The entire 1 billion $DWIFC supply was listed on the DEX, placing the entire token into the hands of the community.
As a result, the fair launch attracted an epic $41 million in volume, $6.4 million in liquidity, and 3,800 holders — all on its first day.
What is DogWifCat, and why are traders backing it?
So, why are traders backing DogWifCat so quickly?
Besides the fair launch on the Solana blockchain mentioned earlier, DogWifHat is on meta, following the footsteps of the “WIF” token theme — primarily led by DogWifHat ($WIF).
The project comes with excellent branding, with a meme depicting a dog attached to a cat — hence Dog “with” Cat:
Spotlight WireThat’s really all there is to it. It’s just a dog with a cat in a brilliantly drawn meme with top-tier meme virality.
The meme virality is undoubtedly catching on, as traders and whales are starting to rush to position themselves as early as possible in the token.
For example, one whale is highly confident in $DWIFC after buying an enormous $102,000 worth of the meme coin:
Spotlight WireIs $DWIFC the Next $BOME or $SLERF?
Spotlight WireWith Solana-based meme coins seeing tremendous growth, $DWIFC could yield incredible profits for early buyers, even if it achieves only a fraction of the success seen by popular Solana memes like $BOME of $SLERF.
$SLERF, with its incredible story, was instantly added to Binance and saw a $400 million market cap, with $2.7 billion in trading volume this week, surpassing the entire volume on the Ethereum ecosystem.
As DogWifCat sits at just $30 million, the project would need to 10x from here to approach the market cap of $SLERF, indicating significant room for growth ahead.
How to buy $DWIFC
Spotlight WireDogWifCat ($DWIFC) is a Solana-based meme coin with the following contract address:
wifhHP4nsNmhXJx9Rrq9NFiYShUTFAreM5LKHso5qXK
The token can be bought on both Jupiter DEX and Raydium.
Follow these steps to buy $DWIFC:
Create a Solana-based wallet - Phantom is one of the most popular options, with Solflare being a close alternative.Acquire $SOL - Buy $SOL from any exchange and send it to your new wallet.Visit DEX - Visit either Jupiter or Raydium.SWAP $SOL for $DWIFC - Enter the $DWIFC address listed above and select the amount of $SOL you wish to exchange before confirming the swap.
That’s all there is to it.
Overall, $DWIFC provides the perfect opportunity to participate in an exciting Solana-based meme coin sensation in the early phases of its bullish cycle. With huge viral potential and a long list of serious whales behind the token, DogWifCat is lined up for mega success in the coming days.
Buy DogWifCat
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This story originally appeared on: India Times - Author:Faqs of Insurances
