Community around Solana memecoin dogwifhat ( WIF
+0.97%
This is unsurprisingly, as a new initiative titled “sphere with hat” is seeking to raise $650,000 over the course of a week to advertise the memecoin at the Sphere, Las Vegas’ recently launched LED-equipped spherical event venue.
So far, the initiative has raised more than $240,000, with many donations falling in the $1 to $100 range, according to Blockchain data. However, two wallets donated $9,999, currently the highest amount donated in a single transaction.
It’s not just small donations. Some whales donated more than $1,000 toward the cause. Source: Block analysis of blockchain data provided by SolScan.
Dogwifhat has been on the rise in recent days, hitting an all-time high on March 6 after the coin was listed on Binance. According to The Block’s pricing page, as of 4:15 PM ET, the coin is trading at $2.22, up 1.66% over the past 24 hours.
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