The dogwifhat memecoin raised USD 690,000 to be exhibited in Las Vegas

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“Dogwifhat (WIF) in La Esfera is fully funded,” said Ansem, one of the leaders of the community that revolves around the memecoin that is currently making headlines. He thus announced that the necessary fundraising for the cryptocurrency to be exhibited in one of the most important entertainment venues in Las Vegas had been completed. The meme cryptocurrency community obtained more than $690,000 in donations from the USD Coin (USDC) stablecoin, exceeding its initial goal by $40,000. In such a way that in just four days they managed to complete the necessary funds for the “little dog in a pink hat” cryptocurrency reaches the top from the famous casino city in the United States. As reported by BitcoinDynamic at the beginning of the week, the Dogwifhat community enabled a website to start fundraising. With this, they sought to achieve the objective of show off the memecoin mascot logo on the 54,000 square meter LED sphere, now recognized as the largest spherical structure in the world. Following the announcement, the WIF token experienced a dizzying price rise, gaining 46% and standing at $3.29 at the time of writing, as shown by data from CoinMarketCap.

WIF has risen considerably in price since its launch, recently surpassing $3. Source: CoinMarketCap. Additionally, WIF unseats FLOKI as the fourth largest memecoin by market capitalization, reaching a total value of 3.2 billion dollars, months after its launch. WIF was born in November of last year when the profile photo of a Fornite player jumped onto the Solana network. Since then, A community is growing that does not hide its enthusiasm regarding the Shiba Inu puppy with a pink hat. Dogwifhat and other meme cryptocurrencies such as Pepe (PEPE), Shiba Inu (SHIB), Bonk (BONK) and Floki Inu (FLOKI), have been rallying since last February, amid a new bitcoin rally. The value of WIF depends on community sentiment and speculative interest. Unlike some coins with utility applications, Dogwifhat does not offer any specific use case beyond being a memecoin.