Dogwifhat (WIF) Memecoin Sees Price Surge

Dogwifhat (WIF), a memecoin based on the Solana network, experienced a surge on Wednesday afternoon after Coinbase announced plans to list the asset.

Coinbase updated its asset listing roadmap to include WIF, leading to a price jump of approximately 21% coinciding with the announcement, according to The Block Prices.

If liquidity requirements are met, WIF is set to begin trading on Coinbase on or after 3:30 p.m. ET (20:30 UTC). The exchange noted on the platform X that:

> "Once sufficient supply of this asset is established, trading on our WIF-USD trading pair will launch in phases. Support for WIF may be restricted in some supported jurisdictions."

WIF joins a trend of memecoins gaining traction due to listings by major crypto exchanges. Earlier on the same day, Robinhood announced it had listed PEPE, which surged 30% following Coinbase’s intention to add the asset as well.

As of 2:32 p.m. ET (19:32 UTC) on November 13, WIF is trading at $4.13, having drawn in $3.9 billion in volume over the past 24 hours. The GMCI Meme index has increased by 5.2%, reaching 496.24.

Currently, Dogwifhat ranks as the 31st largest cryptocurrency, with a market capitalization of $4.1 billion, placing it below Cronos (CRO) at $4.6 billion and Uniswap (UNI) at $5.2 billion.