Dogwifhat Surpasses $2 Billion Market Cap, Challenging Meme Coin Hierarchy

The Solana-based meme coin Dogwifhat has seen a meteoric rise, briefly overtaking Bonk in market capitalization and outperforming established meme coins like Dogecoin and Shiba Inu.

Dogwifhat's market capitalization exceeded $2 billion, briefly surpassing Bonk to become Solana's top meme coin.
The coin's value surged following listings on major exchanges such as Binance and Robinhood Europe, driving significant trading volume.
Dogecoin and Shiba Inu are implementing strategies to maintain relevance, including technical updates and token burns.
Despite the volatility and risks associated with meme coins, Dogwifhat's performance has captivated investors.
The overall meme coin market remains highly speculative, with prices heavily influenced by trader sentiment and market trends.