Dogwifhat’s Return: Solana Memecoin Nears $1 Again

Dogwifhat’s Return: Solana Memecoin Nears $1 Again

By Abhishek Chauhan

Today’s spotlight is on Dogwifhat (WIF) — the Solana memecoin with a pink-hat mascot, a viral fanbase, and now, a comeback story. After getting hammered in April and May, WIF is back in focus with double-digit gains, a breakout forming on the charts, and bulls eyeing the all-important $1 breakout.

Let’s break down what’s powering this renewed hype — and why this is the top gainer of the day.

WIF – Market Overview

• Current Price: ~$0.99
• Market Cap: ~$991.6 Million
• 24h Change: +16.9%
• 7-Day Performance: +12.1%
• 30-Day Performance: +78.0%
• Circulating Supply: 998.9 Million WIF
• Rank: #95 by market cap

Dogwifhat is surging back toward the critical $1 zone after defending key support at $0.80. With WIF up nearly 80% this month, this Solana memecoin isn’t just surviving — it’s flashing signals of a possible new wave.

What Is Dogwifhat?

Dogwifhat (WIF) is a Solana-based memecoin that exploded into the spotlight thanks to a viral image of a Shiba Inu wearing a pink beanie — but the movement has grown far beyond the meme.

Launched without VC backing or a formal team, WIF quickly became a community-first memecoin, riding Solana’s comeback narrative and outperforming legacy names like Dogecoin and Shiba Inu at its peak.

Today, WIF represents the new wave of community-led memecoins on Solana — and it’s once again commanding attention across trading desks and social media feeds.

Why Is WIF Pumping?

Open Interest Surge

WIF’s derivatives market is heating up fast. Open interest is up 17%, hitting $352.9 million — a clear sign that speculators are piling in as WIF approaches the $1 threshold.

Binance Bulls

Over 65% of top Binance accounts are currently long WIF, according to futures data — showing a heavily bullish skew.

Solana Momentum Revival

WIF is benefiting from a broader Solana ecosystem rebound, with SOL, BONK, and MEW all catching bids this week.

Strong Support at $0.80

After correcting from its March all-time high near $4.85, WIF found strong buyer interest at $0.80 — now acting as a psychological floor for the memecoin’s next potential move.

WIF – Market Setup & Technicals

WIF is trading within an ascending channel, with momentum building for a breakout above $1.

Support Zones:

• $0.80 (structural floor)
• $0.56 (channel bottom and key risk level)

Resistance Zones:

• $1.20 (local resistance)

If WIF breaks $1, the next leg could extend toward $1.40, then $1.72, and potentially $2.00.

Bearish Scenario:

Failure to hold above $0.927 may send it back to $0.80, and in a deeper correction, possibly $0.56.

Final Thoughts: Meme Season Reloaded?

Dogwifhat may be funny in name, but its price action isn’t joking around.

With Solana memecoins heating up again and WIF leading the charge, the $1 breakout could be more than just a number — it’s a signal of memecoin rotation 2.0.

Derivatives are surging, volume is back, and the community is reactivated. If WIF flips $1.03 into support, this comeback could evolve into a full-blown rally.

You need to login in order to Like