The meme coin, dogwifhat (WIF), which completed its $650,000 financing for an advertising campaign in Las Vegas’ Sphere structure, is gaining momentum.
The SOL-based meme coin, dogwifhat (WIF), initiated a $650,000 financing round to advertise in Sphere in Las Vegas. This amount was completed in a short time, and it is expected that the logo of WIF, the pink-hatted dog, will be broadcasted on the Sphere screens in the coming days or weeks.
One of the leading figures of the campaign and the person controlling the donation wallets, Ansem, stated in a social media post “Dogwifhat on sphere has been fully financed.”
WIF has become the 4th largest meme coin in terms of market value and the 47th largest cryptocurrency overall.
Interest in WIF, which has made many investors millionaires, is increasing, and such advertising campaigns have also been interpreted by experts as a “peak signal.” It’s worth noting that the cryptocurrency exchange FTX began acquiring naming rights for major stadiums and started advertising everywhere before going bankrupt.
According to CoinGecko data, WIF has shown a 45% increase in the last 24 hours and is currently trading at $3.24.
