Solana’s “Dogecoin killer” dogwifhat WIF/USD clocked a 23.2% gain in the past 24 hours, powered by Bitcoin cracking the $52,000 mark.

What Happened: Dogwifhat surged into the top five memecoins by market capitalization, based on CoinGecko data. This placed it alongside elite memecoins such as Dogecoin DOGE/USD and Shiba Inu SHIB/USD and behind Bonk BONK/USD and Pepe PEPE/USD.

WIF has rocketed to a market cap of $461.6 million at the time of writing in a very short span — as recently as Jan. 5, it traded around $130 million.

It has thus surpassed popular memecoins that came before it such as Floki FLOKI/USD and Memecoin MEME/USD.

Also Read: GameStop, Dogwifhat And ‘Dogecoin…

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