WIF (dogwifhat) rose 11.67% in 24 hours, reaching a high of $0.45

Gate News Bot news, on December 10, according to CoinMarketCap market, as of press time, WIF (dogwifhat) is now trading at $0.43, up 11.67% in 24 hours, reaching a high of $0.45 and a low of $0.36, with a 24-hour trading volume of $215 million. The current market capitalization is about $428 million, an increase of $44.7 million from yesterday.

WIF is a minimalist meme coin that focuses on the concept of “it’s just a dog with a hat”. The total supply of tokens is 999 million, with the same circulating supply. The project provides derivative content such as exclusive merchandise, PFP generation tools, and meme communities, and is available on multiple trading platforms.

Important recent news from WIF:

1️⃣ Ecological construction strengthens the support of driving foundations DeFi Dev Corp, a DeFi development company within the Solana ecosystem, is building WIF validator nodes and plans to share staking rewards with the community. This move marks the improvement of WIF’s ecological infrastructure and increased community participation, laying a solid foundation for the token’s long-term value accumulation. By expanding the staking mechanism and validator participation, the project further enhances the token’s economic model depth.

2️⃣ Key technical resistance and profit-taking pressure Looking at its historical performance, WIF faced significant technical resistance around $0.497, followed by profit-taking. The current quote of $0.43 reflects the market’s correction characteristics after breaking through the high, and investors need to pay attention to whether $0.45 can become a new support level. The price range ($0.36-$0.45) shows that the market is still exploring a reasonable trading range.

This news is not intended as investment advice, and investment should be aware of the risk of market fluctuations.