TL;DR

• Solana meme coin WIF (dogwifhat) skilled a major value surge, exceeding $0.20.
• A crypto whale’s actions sparked hypothesis a few potential WIF itemizing on Binance.

The favored Solana-based meme coin – dogwifhat (WF) – is among the many top-performing cryptocurrencies as we speak (January 11), with its value spiking by over 50% and exceeding the $0.20 mark (per CoinGecko’s information). Its market capitalization briefly surpassed the $230 million degree, at the moment hovering round $200 million.

WIF’s newest rally follows a extremely profitable 7-day interval, throughout which the asset’s worth has elevated by over 65%. Nonetheless, it’s nonetheless down from the height of $0.32 registered shortly earlier than Christmas.

Right this moment’s upswing coincides with the actions of a crypto whale who spent 86,738 SOL (equaling $8.65 million on the time of the transaction) to amass 17.22 million WIF tokens. The investor is the second-largest holder of WIF after beforehand buying virtually 20 million belongings.

In line with the blockchain analytics platform Lookonchain, the whale calls themselves a “Binance insider” and “appears to wish to inform everybody” that the token will probably be listed on the biggest trade by buying and selling quantity.

WIF wouldn’t be the primary Solana meme coin supported by the corporate (assuming it actually has intentions to embrace it). In December, Binance listed Bonk Inu (BONK), contributing to the token’s all-time excessive value rally and its transient market cap ascent above $2 billion.