WIF Leading Market Growth, What Other Memes Are Waiting to Be Discovered on Gate.io?

2024-03-04, 09:33

[//]:content-type-MARKDOWN-DONOT-DELETE
![](https://gimg2.gateimg.com/image/article/1709546330sdfx.jpeg)
## WIF: Memes on Solana
![](https://gimg2.gateimg.com/image/article/170954437311.png)
According to Gate.io data, as of now, the price of WIF has exceeded $1.9, and the current quotation is $1.91. In addition to its cost, WIF's market value quickly soared to $1 billion, becoming one of the fastest-growing memes in <a href="/ru/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a>'s history. Driven by this "hat dog" craze, WIF's 24-hour trading volume exceeded USDT, and on March 3rd, it directly surpassed BONK with a total market value of $1.7 billion.

The issuance process of WIF is quite low-key. According to market data, WIF was first listed for trading at a price of $0.00016 as early as November 20, 2023. Since then, WIF prices have shown an upward trend without a significant decline.
![](https://gimg2.gateimg.com/image/article/170954439912.png)
Source: Dogwifhat official website

In addition, renowned crypto community leader Arthur Hayes has always been optimistic about WIF's performance, stating, "Once <a href="/ru/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> falls below $35,000, I will start buying and continue to increase my holdings in Solana and WIF." In addition to recommendations from major KOLs, the milestone when WIF truly began its journey of tens of thousands of times was on March 1, when Robinhood announced his support for WIF. This news immediately attracted widespread attention, not only from WIF supporters, but also from WIF supporters, And other crypto enthusiasts have turned their attention to WIF, with on chain giants starting to buy in large quantities.

Due to the Chai Dog image of WIF and the rapid surge of Robinhood after its launch, many people associate it with DOGE. DOGE was a guide for many retail investors to enter the field of crypto in the past. During the 2019 GameStop and AMC stock war, Robinhood and other US securities brokers announced the suspension of trading in stocks such as GME and AMC, followed by retail investors and a large amount of funds turning to <a href="/ru/price/dogecoin-doge" target="_blank" class="blog_inner_link">Dogecoin</a>.

After the introduction of Dogecoin, retail investors continue to make history in the US App Store. At that time, the price of Dogecoin skyrocketed to $0.0875, an increase of up to 1014%. Perhaps we can also witness the glory of Meme coins again on WIF.
## FLOKI: Meme Coins Under the Musk Halo
![](https://gimg2.gateimg.com/image/article/170954447813.png)
FLOKI experienced a significant price surge last weekend, with a surprising 100% increase, exceeding $0.000155. The sudden surge in Floki prices has sparked widespread discussion and speculation in the community, reflecting the increasing interest in Meme coins among people. As Floki continues to become a focus of attention, its performance has also become a barometer of broader sentiment and trends affecting the crypto market.
![](https://gimg2.gateimg.com/image/article/170954449614.png)
Source: Musk X

In addition to the world's richest man Musk's tireless efforts to promote his pet dog Floki to the public, another noteworthy data is that the total locked-in value (TVL) of Floki ecosystem products has exceeded $366 million. This milestone highlights the strength and resilience of the Floki ecosystem, proving its strong practicality, rather than just its image as a Meme. In addition, TVL's segmented data shows that the value of Floki Stacking exceeds $239 million, all of which are real token pledges.

Meanwhile, FlokiFi Locker has a TVL of up to $127 million. This sets Floki apart from other Meme coins such as PEPE, BONK, DOGE, and SHIB, often lacking comparable ecosystem indicators. Floki's ecosystem advantages not only enhance its credibility in the crypto community but also lay the foundation for its long-term sustainable growth and adoption.

Last weekend, Floki developers proposed burning 2% of the circulating token supply, worth over $11 million. The purpose of proposing to burn tokens is to increase scarcity and enhance cybersecurity, reflecting Floki's commitment to improving the integrity of its ecosystem.
## PEPE: The Most Widely Spread Frog in the World
The success of "dog style" meme coins has made the market realize that memes have a unique role in the crypto field, and spreading and sharing a certain subculture in the community can generate tremendous power. After experiencing a bear market, meme coins like Shib and Doge not only survived, but also performed even better than some so-called value investment projects. If you are a traditional investor, whether it is value investing or short-term investment, you will definitely study all aspects of asset issuance when choosing investment targets for stability. But meme won't give you this time, it relies on emotions and marketing.

PEPE, as a popular meme on the internet for many years, is inspired by the classic meme "Pepe the Frog" in Matt Furie's "Boy's Club" cartoon. In 2008, it became popular on cultural forums such as Myspace, Gaia Online, and 4chan. In 2015, it became one of the most popular online viral images on the social platform Tumblr.
![](https://gimg2.gateimg.com/image/article/170954452915.png)
Since its launch on the <a href="/ru/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> blockchain in April 2023, PEPE has received much attention, with its market value rapidly exceeding $1 billion and becoming one of the largest cryptocurrencies in terms of transaction volume, making it one of the most worthwhile Meme coins to invest in. Within two weeks of its launch, PEPE unsurprisingly entered the top 100 cryptocurrencies by market value.

How to play Meme on Gate.io? Today, the price of PEPE broke through to $0.0000065, once again reaching a new historical high. And we know that after reaching a new high, it will only be higher.
![](https://gimg2.gateimg.com/image/article/170954457316.png)
## How to Play Meme on Gate.io?
In a complete bull market cycle, the pattern of fund rotation between sectors is usually: BTC > ETH and public chain/L2 > current popular sectors > Web 3 infrastructure > GameFi/Metaverse > NFT > Meme/animal coin > the end of the bull market.

The enthusiasm for Meme coins often reaches its peak in the middle and later stages of a bull market, where most people make money and market sentiment is easily influenced, which also attracts more novice players and new funds to enter. Therefore, if you want to layout Meme projects with excess returns, it is best to look for Alpha at the beginning of the bull market when BTC rises alone.

Key point: Look for projects with low market value and low unit price.

In the mid to late stages of a bull market, all mainstream currencies skyrocketed, and prices such as BTC and ETH were too high, causing investors outside the industry to hesitate. Meme coins, on the other hand, are popular among novice players due to their low price, fun, and ease of spread and understanding.

Millions or even billions of Meme tokens can be purchased for just $1, with lower investment costs and the ability to bring more sense of achievement to new users. Therefore, most successful Meme coins have extremely low prices, usually less than $1, and the total amount is huge.

Meme coins are easily influenced by external factors, so when investing in Meme coins, it is necessary to continuously track community discussions and media reports to measure market sentiment and speculate on price trends and lifecycle.

Gate.io has organized a popular Meme coin section on its official website, where users can directly click on the currency they are interested in to trade. In addition, Gate.io's unique community feature will provide you with real-time updates on the latest user emotions related to Meme coins, so you can make better trading choices.

<div class="blog-details-info">
<div>Author:**Icing**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>