The Block8 minutes ago

Published on March 06, 2024 11:56 GMT+00:00edited on March 06, 2024 12:01 GMT+00:00

Solana-based dogwifhat has gained over 50% to reach record highs today after listing on Binance at 9 a.m. ET on Tuesday.

Amid bitcoin’s post-all-time high sell-off yesterday, dogwifhat initially fell 17% from around $1.35 to a low of $1.12 as the broader crypto market followed bitcoin’s price action. However, it has subsequently nearly doubled from that low to a new all-time high of its own at around $2.16, according to The Block's price page.

Dogwifhat is currently trading at $2.06 — up 17% over the past 24 hours, 240% in the past week and a staggering 1,245% year-to-date. The dog-themed token has now reached a $2.1 billion market capitalization — just three months after it launched in November and went viral.

In comparison, …