In a surprising turn of events, the canine-themed cryptocurrency, Dogwifhat (WIF), soared over 50% today after debuting on Binance, according to data from CoinMarketCap.

Initially dipping 17% amidst Bitcoin’s recent sell-off, it quickly rebounded, hitting a new record high of $2.16. Currently trading at $2.09, Dogwifhat has witnessed a remarkable 1,245% surge year-to-date, reaching a $2.1 billion market cap just three months post-launch.

Meanwhile, established meme coins like Pepe and Dogecoin experienced modest gains and losses, with Pepe rising 7% and Dogecoin, Bonk, and Shiba Inu facing approximately 10% losses. 

Despite Pepe and Bonk nearing their all-time highs, Doge and Shiba Inu lag behind, remaining about 50% below their peak values from April and October 2021.

While the overall memecoin market dipped slightly, the GM 30 Index, reflecting the top 30 cryptocurrencies, saw a marginal 0.03% increase. Bitcoin, hitting a new all-time high above $69,000 yesterday, currently trades at $66,952. 

The crypto landscape continues to witness dynamic shifts, with Dogwifhat’s meteoric rise making headlines in the ever-evolving world of digital assets.

Also Read: Meme Altcoins Tumble as Bitcoin Slides from All-Time High