Popular Solana memecoin Dogwifhat has secured another listing on KuCoin. The notable crypto exchange platform with over a million users worldwide is set to enable spot trading for Dogwifhat starting January 18 at 13:00 UTC.
It is essential to understand that KuCoin operates globally and is based and licensed in the Seychelles by the FSA. It is also licensed in Malta by the MFSA and the Cayman Islands by the CIMA, enabling it to service those countries’ residents.
Nonetheless, the listing aligns with Dogwifhat’s representation of progress and futuristic transactions. The memecoin’s listing aims to allow liquidity and pricing in spot trading through USDT and USDC trading pairs.
Other developments concerning Dogwifhat
Besides being listed on KuCoin, Binance announced that its Futures program will launch the USDS-M WIF Perpetual Contract starting January 18 at 14:15 UTC. This program aims to expand the list of trading choices offered on Binance Futures and enhance users’ trading experience. The program will offer up to 50x leverage for traders.
Binance has also noted that the maximum funding rate of the WIFUSDT Perpetual Contract at the time of launch is +2.00% / -2.00%—with the funding fee settlement frequency every four hours.
According to Binance, “ Qualified USDⓢ-margined futures liquidity providers will be eligible to enjoy 0.005% maker fee rebates for trades on the WIFUSDT Perpetual Contract for approximately 14 to 15 days.”
Dogwifhat’s price outlook
It is essential also to know that onchain metrics have indicated a comeback of the memecoin DogWifhat, similar to last year’s frenzy that drove Solana’s price to about $121. Dogwifhat’s WIF has surged above previous highs amid futures listing and recent developments.
In the last 24 hours, the value of WIF has experienced a surge of 50% to reach 48 cents before pulling back. This was caused by Franklin Templeton, a traditional finance firm, referencing the “wif hat” meme in a post on Wednesday. This helped improve the overall sentiment towards the token.
In a series of tweets, the company’s digital assets team expressed their admiration for the growth of Solana-based applications in Q4 and mentioned that they were keeping a close eye on this ecosystem, along with Bitcoin and Ethereum. The value of WIF is partly derived from its association with an image of a dog wearing a hat, which has become popular among the crypto community.
You are unsure how to feel about Laser Eye Ben? Just think instead of Ben wif hat
— Franklin Templeton (@FTI_US) January 17, 2024
At the time of press, WIF is trading at $0.44 with a current market cap of $446.5M. The 24-hour trading volume is $85.267M, according to CoinGecko.
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