In an exciting development for cryptocurrency enthusiasts, Binance, a leading digital asset exchange, has announced the inclusion of Dogwifhat (WIF) in its trading platform. The novel memecoin, represented by a dog wearing a hat, is set to join the ranks of tradable assets on Binance, stirring the memecoin trend further.
Binance Embraces Dogwifhat (WIF) for Trading
Effective from 17:00 TRT today, Binance users will be able to engage in spot market trading with WIF through multiple trading pairs including WIF/BTC, WIF/USDT, WIF/FDUSD, and WIF/TRY. Prior to the trading start, Binance has enabled deposits of WIF to facilitate user readiness for the upcoming transactions. Withdrawals for WIF are scheduled to commence on March 6, 2024, at the same time.
To alert traders to the inherent risks, Binance has assigned a “Seed Label” to WIF, signifying its nascent status and higher volatility compared to other, more established altcoins on the exchange.
WIF Rides the Wave of Memecoin Popularity
Dogwifhat has captivated the crypto community with its lighthearted meme-centric theme. Originating from the Solana Blockchain, this altcoin has capitalized on the current memecoin frenzy and is seeing escalating traction.
Despite a slight 1% drop in the last 24 hours to $1.77, CoinMarketCap data reveals WIF’s price has surged by over 225% in a week and a staggering 682% in the past month, following Binance’s listing announcement.