Solana Meme Coin Dogwifhat Is Now Available For Trading On Robinhood

Key Points:

• Robinhood Crypto has added the Solana meme coin Dogwifhat, allowing users to trade it on the platform.
• Following the listing, WIF briefly surged in price, currently trading at $3.32, marking a 7.73% increase in the last 24 hours before stabilizing.

Robinhood Crypto has listed the Solana meme coin Dogwifhat, with the ticker WIF, on its platform for direct trading of the token via its services.

Read more: How To Buy Solana Meme Coins: The Right Options For You 

Robinhood Lists Solana Meme Coin Dogwifhat on Crypto Platform

The listing has put WIF into a wider circulation than in the Solana ecosystem alone. After the announcement, WIF briefly jumped and then stabilized. At the moment, the coin changes hands for $3.32, up 7.73% over the last 24 hours. The price has cooled off a bit after an initial spike.

Solana meme coin Dogwifhat was gaining traction in the meme coin space, offering itself as a light-hearted, innovative rival to Dogecoin, from which the coin got its inspiration. The rapid rise is part of the wider trend currently setting the crypto market ablaze, with such meme coins as PEPE, DOGE, and SHIB still high in demand.

Robinhood Expands Crypto Offerings, Targets Meme Coin Market

Commission-free trading platform Robinhood Crypto has extended its offerings as competition among exchanges continues to increase. The company also recently made WIF available to European users.

Headquartered in California, Robinhood Markets is a key player in the financial trading game. If reports are true, Robinhood has one of the biggest Bitcoin wallets in the world, holding 118,300 BTC worth roughly $3 billion, and is also among the 5th largest Ethereum holders.

The listing of WIF is just another strategic step as far as Robinhood is trying to entice users when meme coins continue to provide far-reaching trading volume for the crypto market.