This Mem Token Price Skyrocketed While Bitcoin and Altcoins Try to Recover!

Recently, the meme token craze has returned and some meme tokens have attracted attention with their rise.

At this point, the hype that started due to the rise of Solana also affected the mem tokens on the network, and mem tokens such as BONK experienced tremendous rises.

However, this meme token hype was not limited to BONK and WIF, another SOL-based meme token, also experienced a rise.

WIF continues its rise despite the downward trend dominating the cryptocurrency market, especially Bitcoin (BTC).

Solana-based mem token WIF, launched in the last days of 2023, increased by 40% in the last 24 hours and exceeded $ 0.30.

While it is considered that the reason behind this rise may be the cryptocurrency exchange Bitget’s listing of WIF in the Innovation and Meme Area, another reason for the WIF rise may be Solana’s significant rise of 8% in the last 24 hours.

As you may remember, Binance, the world’s largest cryptocurrency exchange, announced that although it did not list WIF in spot, it listed it in futures transactions with 50x leverage on January 18.

WIF, which reached an all-time high of $0.532 on January 18 after being listed on Binance, continues to be traded at $0.32 at the time of writing.

*This is not investment advice.