Robinhood lists Dogwifhat meme coin

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As a seasoned analyst with over two decades of experience in the tech and finance industry, I’ve witnessed countless trends come and go. However, the meme coin phenomenon is something truly unique. The recent listing of Dogwifhat (WIF) on Robinhood Crypto is a testament to the resilience and adaptability of this niche market.

Robinhood expanded its backing for prominent meme tokens by adding the well-known dog-themed coin, Dogecoin, to its platform.

As an analyst, I found myself analyzing the market events following the addition of DogeWhif (WIF) by Robinhood, which came shortly after they listed Pepe (PEPE), a meme coin inspired by Pepe-the-Frog. Similar to its predecessor, the price of WIF experienced a significant spike upon the announcement. In fact, within just one hour of Robinhood’s announcement, data from crypto.news revealed an 8.2% increase in WIF’s value.

At the current moment, the market capitalization of Dogwifhat has grown to a staggering $3.3 billion, placing it as the fifth most valuable meme coin by worth. Only Dogecoin (DOGE), Shiba Inu (SHIB), PEPE, and Bonk (BONK) are currently ahead of Dogwifhat in the pecking order of meme coins.

GM. dogwifhat ($WIF) is now available to trade on Robinhood Crypto.

— Robinhood (@RobinhoodApp) November 25, 2024

Robinhood’s crypto confidence at ATH

After President Donald Trump’s second term commenced, Robinhood added WIF as its newest cryptocurrency offering. Initially, they introduced cryptocurrency trading in February 2018, but then reduced their selection of digital assets due to unclear regulations.

In the year 2023, Robinhood removed cryptocurrencies such as Cardano (ADA) and Solana (SOL) from its listings. Memecoins were largely absent from the platform, causing a stir in the crypto community due to concerns about the safety of the digital currency market.

Since President Trump’s election victory, our platform has included ADA, SOL, Ripple (XRP), as well as two popular meme coins. Additionally, there have been whispers that we might soon list BONK, after PEPE and WIF.

By the way, it seems that just as a WIF account was established 6 days ago for the listing on Robinhood, it appears a similar account has been set up for BONK as well.

— Cited (@cited) November 25, 2024

From nothing to Vegas to Menlo Park

Around a year ago, WIF was introduced, riding on the momentum of Solana’s meme coin craze. In just hours, its token holders managed to raise an impressive $650,000 for promoting Dogwifhat on the Las Vegas Sphere. Shortly after its launch, WIF surpassed the $1 billion mark, further boosting Solana’s meme coin story to unprecedented heights. Since then, numerous meme tokens have started appearing on both centralized and decentralized cryptocurrency exchanges.

Service providers such as Pump.fun seized the momentum, establishing a user-friendly system enabling individuals to quickly create their own meme tokens within just a few minutes.

With the surge in popularity of memes, developers became increasingly anxious to boost their token’s worth. One such developer took drastic measures during a live broadcast, setting himself on fire. This extreme behavior was not uncommon after the activation of the streaming feature on Pump.fun. Unsettling reports about bestiality, cannibalism, and self-harm began to emerge among Pump.fun users and outside observers alike, causing concern.

If individuals have authentic links with the Pumpfun team, I can disclose the necessary information allowing them to acquire the coin and any accompanying resources.

— Beau (@beausecurity) November 25, 2024

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2024-11-25 17:26