WIF (dogwifhat) fell 8.57% in the last 24 hours.

Gate News Bot message, June 26, according to CoinMarketCap data, as of the time of writing, WIF (dogwifhat) is currently reported at $0.78, with a 24-hour fall of 8.57%, reaching a high of $0.89 and a low of $0.64, with a 24-hour volume of $331 million. The current market capitalization is approximately $777 million, a decrease of about $72.8824 million compared to yesterday.

Recent important news about WIF:

1️⃣ DeFi Dev Corp launches WIF validation node Solana Finance Company DeFi Development Corporation (DFDV) is launching Dogwifhat validator nodes on the Solana blockchain. DFDV plans to collaborate with the Dogwifhat community to share staking income, MEV, and other validator rewards after deducting operational costs. This initiative will bring new funding and technical support to the WIF ecosystem.

2️⃣ WIF Staking Reward Sharing Program Parker White, the Chief Investment Officer and Chief Operating Officer of DeFi Dev Corp, stated that the company will support the Dogwifhat community in the short term by operating a Solana validator, with long-term plans to expand the partnership into the distant future. Although the specific profit-sharing ratio has not been disclosed, both parties will receive a share of the profits after costs, which may attract more investors to participate in the WIF ecosystem.

3️⃣ The overall market for Meme coins on the Solana chain is recovering In the past 24 hours, Meme coins on the Solana chain have generally shown an upward trend, with WIF increasing by 21.5%, leading other major Meme coins. This indicates that market confidence in Meme coins within the Solana ecosystem is recovering, which may drive the price of WIF further up.

From a technical perspective, the WIF price has formed a morning star pattern, indicating a potential trend reversal after a fall. If it can break through the resistance of the 50-day and 100-day moving averages near $0.85, WIF is expected to continue its rebound momentum, advancing towards the $1.00 integer level. However, if it fails to break through this key resistance level, it may retreat to the support level of $0.63.

This message is not an investment advice, and investors should pay attention to market volatility risks.