Binance, world’s main crypto exchanges, has introduced the itemizing of Dogwifhat (WIF), a dog-faced meme coin primarily based on the Solana blockchain. After Binance made this announcement, the Dogwifhat value surged over 28% in an hour and rebounded from current losses.
Binance To List Dogwifhat
According to the most recent announcement, the Binance itemizing is scheduled to start buying and selling on March 5, 2024, at 02:00 p.m. UTC. Moreover, the itemizing will introduce 4 new spot buying and selling pairs: WIF/BTC, WIF/USDT, WIF/FDUSD, and WIF/TRY. Notably, no itemizing charge was levied on WIF.
Furthermore, Binance famous that WIF holders and merchants can start depositing WIF tokens in preparation for buying and selling. Withdrawals are anticipated to open on March 6, 2024, at 2:00 p.m. UTC topic to potential changes. Meanwhile, the Seed Tag will likely be utilized to WIF, indicating its standing as an modern venture with increased volatility and dangers.
It’s necessary to notice that WIF is taken into account a comparatively new token, and merchants are suggested to train warning and conduct thorough analysis earlier than partaking in buying and selling actions. Additionally, customers interested by buying and selling tokens marked with the Seed Tag will likely be required to cross corresponding quizzes each 90 days on the Binance Spot and/or Binance Margin platforms.
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Dogwifhat Price Surges 28%
Despite the cautionary notes accompanying the announcement relating to the potential dangers related to buying and selling WIF, the market response has been swift and constructive. Following the information, the value of Dogwifhat surged by practically 27% inside only one hour, reflecting vital investor curiosity and anticipation surrounding the itemizing on Binance. Earlier, the same sentiment was famous throughout Dogwifhat’s Robinhood itemizing.
The Dogwifhat value was up by 28% within the 1-hour body. However, within the 24-hour body, Dogwifhat gained 12% and traded at $1.86 at press time on Tuesday, March 5. Whilst, the Solana meme coin boasted a market cap of $1.85 billion. In addition, the WIF commerce quantity surged 55.30% to $580.50 million previously 24 hours.
Moreover, the Dogwifhat price has surged over 236% within the final 30 days, depicting the growing reputation of the meme crypto. However, the WIF value slumped considerably after attaining the all-time excessive of $1.92 on Monday. Moreover, earlier than the current rebound it hit a low of $1.34.
Also Read: Former Binance Execs Pioneer Next-Gen Crypto Exchange Startup
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