- Robinhood lists Dogwifhat (WIF), expanding its meme coin offerings and market reach.
- Dogwifhat’s price surged 7.73%, stabilizing around $3.35 after the listing.
- Robinhood aims to capitalize on the meme coin trend, now including European users.
Robinhood Crypto has added the Solana-based meme coin Dogwifhat (WIF) to its trading platform, expanding the reach of the popular canine-themed token.
This listing follows Robinhood’s recent addition of Pepe, another meme coin, earlier in November, marking a trend of increased meme coin offerings on the platform.
Dogwifhat price soars
Upon the listing announcement, Dogwifhat experienced a brief surge in price, climbing by 7.73% to reach $3.57 before stabilizing at around $3.351.
The listing has expanded WIF’s circulation beyond the Solana ecosystem, positioning it as a strong competitor in the growing meme coin market.
With a market capitalization of $3.3 billion, Dogwifhat now ranks as the fifth-largest meme coin, trailing behind heavyweights like Dogecoin, Shiba Inu, PEPE, and Bonk.
Dogwifhat, which drew inspiration from Dogecoin (DOGE), is positioning itself as a light-hearted and innovative alternative.
Since its launch over a year ago, Dogwifhat has gained traction in the meme coin space, fueled by a crowdfunding campaign that raised $650,000 in hours to promote the token on the Las Vegas Sphere. Its rise is part of a broader trend in the crypto market, where meme coins such as PEPE, DOGE, and SHIB continue to attract significant trading volume.
Robinhood expanding its crypto offerings
Robinhood’s decision to list Dogwifhat is part of its strategy to expand its crypto offerings and tap into the booming meme coin market. The trading platform, which had previously scaled back its crypto offerings amid regulatory uncertainty, is now making a bold return to the market.
The WIF listing also marks a step toward broader global accessibility, with Robinhood making the token available to European users.
As meme coins continue to captivate crypto traders, Robinhood’s expanded offerings show its commitment to staying competitive within the rapidly evolving market.
With rumours circulating about a potential BONK listing, it’s clear that Robinhood is positioning itself as a key player in the meme coin space.
