What do you get as a cute dog an even nicer hat on? A meme coin of course!
Meme coin -investors love dogs, and a photo of a pooch with a pink woven hat went viral -and the crypto -world stormer hand, conquered its own spawning Solana-Based meme coin, Dogwifhat (WIF).
On the real one, wif ‘literally just a dog wif a hat’, according to his official site, without promises of revolutionary technology or actually usefulness. Nevertheless, Dogwifhat quickly became one of the largest memms of market capitalization after it first barked in November 2023, even because its value fluctuated wildly over time.
What is Wif?
Dogwifhat (WIF) is a meme coin built on the Solana blockchainWith a community that often says “The hat stays on“As a sign of support. It became popular because of the hard support of the crypto community, led by influencers such as Ansem Die have collected a considerable supporter while defending token.
There is really not much anymore on the hand-not high-tech barkitecture here. As they said, it’s literally just a dog with a hat.
Wif’s turnout and decrease
Wif went live in November 2023, according to a tweet from his official account, before he reached his record high of $ 4.83 and a market capitalization of $ 4.58 billion on March 31.
Early Dogwifhat -Pioniers struggled through the first month of the “hodling” of the token, just to see substantial profit in the following weeks.
In December 2023 the currency saw a price swing of 2,000 times in a course of a month, and a trader changed $ 300 from WIF that they bought on the day it launched token in $ 300,000. While another investor claims to have made hundreds of thousands in the same period to become a WIF billionaire.
“The dog wears a hat, and every time I looked at the meme, it made me laugh” tweeted. “That’s it.”
Although it can be avoided to burn up like the majority of moments, Wif has shown considerable volatility in the course of its existence.
In November 2024 it recovered almost all time, with $ 4.19 and a market capitalization of $ 4.2 billion. By March 2025, however, token had fallen to almost $ 0.43-one a drop of 91% compared to his all time.
Who is the dog Wif de Hoed?
The name of Achi (previously known as Chi-Chi), is the dog in question a shiba inu-a popular breed of dog within the cryptoma community, which has become the face of the original meme-mint, Dogecoin.
Achi is now about six years old, with the viral photo born two months after her on September 15, 2018.
Achi currently lives in South Korea with her owners, who personally knitted the cute hat himself. Initially, her owners responded positively to the new fame of their dog and took them to Instagram to announce an NFT auction of the original, iconic photo of Achi.
Unfortunately, this brought a fight with the Solana community, because the NFT was beaten on the Ethereum Blockchain – Instead of Solana, the home of the Meme Coin. This was after the parents of Achi tried to work together with a Solana developer and launched an Achi-token, but the owners were struck soon is a dog’s change world. After this villain experience, the owners turned to an Ethereum -based online community to help. Yet the Solana community was not happy and complaints continued to fly.
‘Please do not insult [Achi] And us, “the owners wrote in a fixed remark on the Instagram post, in an attempt to snore the haters.” You have no reason to blame us. Please encourage us. “
On March 18, Achi’s iconic photo was sold for 1,210,759 ETH (at that time around $ 4.27 million).
If you want more photos of Achi, just go to the Instagram account of her owner, who has documented her life for the past six years.
Who made the Dogwifhat -MEME?
Although we know that the dog is the hat Achi, the meme comes from professional Fortnite player and streamer Issa, who posted the photo as his Twitter profile photo in 2019 -a user answered: “Dogwifhat.”
More people in the Fortnite scene began to change their profile photos into the iconic dog photo, in which Issa “take over Dogwifhat”. Soon players, streamers and organizations of other eSports games such as Rocket League became involved.
In the next evolution of the meme, people began to add the dog’s hat eSports -organizationsHypebeast brands and other memes. This was when YouTuber Keemstar became involved and put his Twitter profile photo to the dog who was wearing a hat with his logo.
Issa claimed to be the creator of the Dogwifhat -Meme, sold a statue of Achi via YouTooz. Nevertheless, Issa claims to have no connection with the Solana Meme Coin, nor has he has “bad blood” with the project.
In response, Issa has a Dogwifhat -toking on Ethereum– With considerably less success. In the meantime, the makers of the Solana WIF -Token remain completely anonymous, without information about him, her or them online.
Dog Wif Bol?
In February 2024, the “Sphere Wif Hat” campaign was launched to pick up $ 650,000 to get his hairy, beanie-top namesake plastered on the largest screen in the world: the atmosphere in Las Vegas. In mid-March that goal was achieved from March 2025, the dog (and his hat) still has to adorn the structure.
During 2024, fans of the project released their concern that the five organizers of fundraising (including pseudonymous Wif Bull Ansem) had been silent about the plans. In June, one of the organizers, Mihiri, promised that if the campaign was canceled, the funds would be returned.
These funds are held in a multi-SIG portion, where multiple portfolios have to sign a transaction in order to be processed. At the time of writing, it currently has almost $ 698,000 in the USDC Stablecoin, together with $ 842 on Solana (SOL), and a Nest Meme Coins.
On January 29, the official Dogwifhat account “officially confirmed. Viva Hat Vegas” beside a photo of his hairy mascot that wore the sphere as a hat and a phone held with “Q1 2025” that appeared on the screen to believe that the long-promoted deal was at the threatening. But the tweet was quickly removed and posted again without the Tagelijn “officially confirmed”, while the Dogwifhat account answered“Dates as soon as we can share,” said a Dogwifhat answer. “Hat stays on.”
Two days later, a sphere told representative Decrypt That there is no deal to advertise Dogwifhat at its location – and that there was never one.
“We have never had a deal with Dogwifhat, and at that time our desk had only one provisional conversation at the beginning of last year,” said a spokesperson for the location. “There was and is not a plan for Dogwifhat to appear on the exosphere, and we are sad, they use our name for fraudulent purposes.”
In response, the official account of the Meme Munt tweeted That it was in “constant negotiations with different parties to work together on the atmospheric advertisement” and added that “because the WIF team is not a business entity, the organizers work with an established brand to carry out this advertisement.”
The organizers of the WIF Sphere have continuous negotiations with various parties to work together on the placement of the atmosphere. Because the WIF team is not a business entity, the organizers work together with an established brand to perform this advertisement. Timeline is …
– Dogwifcoin (@dogwifcoin) January 31, 2025
However, the representative of the Bol clarifies Decrypt That “there was and is not a plan” for Dogwifhat to appear at the location and add it “at the moment, Sphere only accepts advertisements from trade fairs and [about] Bitcoin. “
While the organizers of the fundraising claim that the Dogwifhat Sphere advertisement is on the road, users of the on-chain prediction market have been repelled (launched by DecryptThe parent company Dastan) is not convinced, with almost 96% believing that it will not happen by the end of the first quarter.
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