A new token called DogWifCat (DWFIC) has taken the Solana ecosystem by storm, rocketing over 4,000% in just two days since its launch.
Despite the ongoing correction, traders are closely watching DogWifCatDWFIC to see if it can sustain its rise and become Solana’s next big breakout meme coin.
Solana’s Newest Meme Coin Up 4,000% in 48 Hours
DogWifCat exploded onto the Solana meme coin scene just two days ago in typical viral fashion.
Debuting on the Raydium DEX this past Wednesday, DWFIC appeared to be just another new token looking to capitalize on the speculative hype.
That presumption didn’t last long, however.
By Thursday evening, the dog and cat-themed crypto had produced an exponential rally, hitting a peak of $0.0334 – 6,800% higher than its initial launch price.