In a recent video that quickly went viral on the social media platform X, tech billionaire Elon Musk was heard mentioning a newly launched meme coin on Solana called Dogwifhat (WIF).
This offhand remark, reportedly made during a live broadcast, has caused a stir in the cryptocurrency community. Moreover, it has driven a significant surge in WIF’s price, even as the broader market has been trending downwards.
Elon Musk Mentions Dogwifhat Meme Coin on Solana
In the recent live broadcast video, billionaire Elon Musk stated that he “knows Dogwifhat.” This comment has sparked speculation and excitement among millions of his fans and the crypto community. Musk, known for his influential presence in the world of cryptocurrency, has previously shown strong support for meme coins, especially Dogecoin (DOGE).
BREAKING: @elonmusk HAS HEARD OF SOLANA MEMECOIN $WIF (@dogwifcoin)
pic.twitter.com/2Pm4VINn5p
— DEGEN NEWS (@DegenerateNews) June 10, 2024
Dogecoin, another dog-themed cryptocurrency, has experienced significant growth and attention following Musk’s numerous tweets and public endorsements. Furthermore, the billionaire has consistently expressed his belief in the future of DOGE, the king of meme coins.
Meanwhile, Dogwifhat, a meme coin launched on the Solana blockchain, is also inspired by a dog, but unlike Dogecoin, the dog in Dogwifhat wears a woolen hat.
This is also the first time Musk has mentioned a meme coin other than Dogecoin. In the past, the Tesla CEO has strongly favored DOGE over Shiba Inu (SHIB), the second-largest meme cryptocurrency. Therefore, his recent mention of Dogwifhat has taken many by surprise.
Related: What is Dogwifhat? Imformation about WIF Token?
Dogwifhat (WIF) Price Volatility
Despite being mentioned by Elon Musk, Dogwifhat has still been affected by the broader cryptocurrency market downturn in recent days.
Source: Coinmarketcap
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