Bubble
dogwifhat WIF
dogwifhat (WIF) was trading at $0.1939, ranked #172 by market cap at $193.69M, with 24h volume of $58.29M.
Data snapshot: 2026-09-02 12:15 UTC.
dogwifhat is a Solana meme coin built on a single image of a dog wearing a knitted hat, with no roadmap, utility or team allocation — its holders treat that absence as the point. It became one of the defining tokens of the 2024 Solana meme cycle, at one stage funding a community campaign to put the image on the Las Vegas Sphere. WIF is a single image — a dog wearing a hat — and reached a multi-billion-dollar valuation on that basis during the 2024 Solana memecoin cycle. There is no protocol, no revenue and no roadmap; the asset is the joke. It is included here because it is one of the clearest data points about what the market will price during a speculative peak, and because that is genuinely useful context when reading a bubble map: the size of a bubble measures what the market is paying, and the market has paid billions for images.
Does WIF do anything?
No. There is no protocol, no revenue and no roadmap. It is a memecoin whose value comes entirely from attention and speculation.
How did it reach such a large market cap?
During the 2024 Solana memecoin cycle, speculative flow concentrated in a handful of tokens. WIF was one of them.
What does that say about market cap as a metric?
That it measures what the market is currently paying, not what something does. A large bubble is not evidence of substance.
What is the risk profile?
Very high. Assets with no cash flows and no usage can lose most of their value when attention moves elsewhere, and frequently have.
Market cap decides how big a bubble is drawn, so rank is what places WIF on the map relative to the rest of its sector.
| Rank | Coin | Market cap |
|---|---|---|
| #143 | Bonk (BONK) | $257.69M |
| #159 | FLOKI (FLOKI) | $227.56M |
| #172 | dogwifhat (WIF) | $193.69M |
| #192 | Fartcoin (FARTCOIN) | $161.78M |
| #254 | Melania Meme (MELANIA) | $105.16M |