Propose an edit: dogwifhat

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dogwifhat (WIF) is a meme coin on the [[Solana]] blockchain whose logo is a photograph of a Shiba Inu wearing a pink knitted hat. Launched on November 20, 2023, it became the signature coin of the late 2023 to early 2024 Solana meme coin run and a core piece of trench canon.

## Origin

The coin is based on the "dogwifhat" meme, a photo of a Shiba Inu in a knitted beanie that circulated widely on crypto Twitter. The token launched anonymously on Solana in November 2023 with a supply of roughly one billion and no stated utility; its slogan, "literally just a dog wif a hat," became a meme in its own right. Early promotion by prominent traders on X, most visibly [[Ansem]], helped turn WIF into the mascot of the emerging Solana meme casino.

## Market history

WIF traded for fractions of a cent at launch, then rose explosively through December 2023 and the first quarter of 2024 as Solana meme coins became the market's dominant narrative. A [[Binance]] listing on March 5, 2024, accelerated the run, and WIF printed its all time high of about 4.80 dollars on March 31, 2024, a market capitalization of roughly 4.8 billion dollars. That made it, briefly, the third largest meme coin in crypto behind Dogecoin and Shiba Inu.

In March 2024 supporters crowdfunded about 700,000 dollars in a campaign to display the dogwifhat image on the Las Vegas Sphere, an effort that became a symbol of meme coin excess even as the ad buy itself dragged on. WIF retested the four dollar area in November 2024 during the post election meme rally, then declined through 2025 with the broader meme complex. By August 2026 it traded around 0.14 dollars with a market capitalization near 140 million dollars, down more than 95 percent from its peak.

## Cultural impact

WIF is remembered as the coin that proved a pure image, with no team, roadmap, or utility, could reach multibillion dollar scale on Solana. It minted a generation of trench millionaires, anchored the "hat meta" (a wave of derivative hat coins), and made Ansem one of the most followed figures in [[the trenches]]. The Sphere campaign, the Binance listing, and the "one wif" price targets all became recurring reference points in meme coin culture. WIF remains listed on most major exchanges and is still treated as a bellwether for Solana meme sentiment.

## References

- https://www.coingecko.com/en/coins/dogwifhat
- https://iq.wiki/wiki/dogwifhat-wif
- https://www.gate.com/learn/articles/what-is-dogwifhat-all-you-need-to-know-about-wif/4096
- https://unchainedcrypto.com/what-is-dogwifhat-wif-and-why-is-it-up-so-much/
- https://www.gemini.com/blog/dogwifhat-is-now-available-on-gemini
- https://99bitcoins.com/cryptocurrency/dogwifhat-wif-review/

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