Solana Meme Coin Dogwifhat Gains Double Digits Amid Las Vegas Sphere Speculation
The meme coin Dogwifhat on Solana has surged by 34.7% in just 24 hours, reaching a price of $1.34, driven by speculation surrounding its advertisement on the Las Vegas Sphere. This follows a tumultuous nine-month period since the team raised $700,000 for a campaign that promised to display the Dogwifhat logo. Initially hailed as an ambitious project, the campaign faced backlash from the community, particularly towards influencer Ansem, who was accused of mishandling the funds. After an ambiguous social media post hinted at the confirmed advertisement, the Dogwifhat community remains skeptical, unsure if the advertisement will actually materialize. Despite this recent growth, the WIF token is still down 6.2% over the past week and 72% from its all-time high in March 2024. The complex movements of funds have added to the controversy, with transactions raised doubts about the project's financial management, although the team reassures that the advertisement will eventually happen.
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