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dogwifhat looks to take on BONK, with memecoins dominating DEX trading volumes on Solana in recent weeks.

Solana-based memecoin, dogwifhat (WIF), surged to an all-time high of $0.49 earlier today after Binance announced that it would list perpetual futures for the asset.

WIF Price chart
WIF Price

WIF’s market capitalization has now surpassed $400M, putting it firmly in second place among Solana memecoins behind BONK, which commands a valuation of $1.2B at the time of writing.

At today’s intraday high, WIF briefly flipped PEPE, the memecoin that took Ethereum by storm last year.