Dogwifhat WIF/USD is up 18% in the past 24 hours, pushing its weekly gains to almost 90%.

In contrast, established memecoins like Dogecoin and Shiba Inu have seen only modest weekly gains of 2.4% and 5.7%, respectively.

What Happened: The surge in Dogwifhat’s price occurred after Los Angeles Lakers NBA superstar LeBron James was seen wearing a pink knitted hat resembling the Dogwifhat meme during a post-game appearance.

While the crypto community speculated whether this is a coincidence, there has been no response from James himself, and he is not explicitly involved in promoting any cryptocurrencies.

Also Read: ‘Yes This Is Real’: Videos Of Wall Street Bull ‘Wif Hat’ Go Viral,…

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