Dogwifhat Shoots Up 5%: What’s Going On?

Dog-themed meme coin Dogwifhat (CRYPTO: WIF) continued its upward march Monday, leaving market heavyweights trailing.

What happened: The Solana (CRYPTO: SOL)-based token spiked over 5% to become the second-biggest cryptocurrency gainer over the last 24 hours. Its trading volume popped 176% to $1.64 billion, making it one of the most traded meme coins in the 24-hour period.

WIF defied the pullback in blue-chip currencies like Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE), which fell 1.88% …

Full story available on Benzinga.com