dogwifhat (WIF)

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Historical price evolution of dogwifhat

Daily historical data. Updated automatically.

The origin of dogwifhat (WIF) dates back to November 2019, when X (Twitter) user Issa posted as his profile picture an image of his Shiba Inu called Achi wearing a pink knitted hat. This photograph quickly became a viral meme within the gaming and esports community, establishing the foundations of what years later would transform into one of the main memecoins of the crypto ecosystem.

On 20th November 2023, anonymous developers launched WIF as an SPL token on the Solana blockchain through the Raydium DEX, establishing an initial price of $0.000013 with barely a few thousand dollars in liquidity. The total supply was set at 998.9 million tokens, without staking, burning or additional emission mechanisms. The following day, on 21st November, WIF reached its all-time low of $0.00002344, marking the lowest point in its price.

During December 2023, WIF experienced explosive growth, rising from fractions of a cent to ranges of $0.10-$0.30. The memecoin managed to exceed $1,000 million in market capitalisation in just 81 days from its launch, becoming the second fastest memecoin to reach this figure after PEPE. In January 2024, influencer Ansem (Zion Thomas) together with four other promoters known as Edward, Quasi, Mihir and another pseudonym, launched the "Sphere Wif Hat" campaign with the objective of financing the appearance of the meme on the Las Vegas Sphere screen.

March 2024 marked several important milestones for WIF. The Sphere Wif Hat campaign managed to raise 650,000 USDC in a few days, whilst the community carried out viral marketing actions placing knitted hats on public statues such as the Charging Bull on Wall Street. On 5th March, Binance listed WIF, driving the price from $0.90 to $1.89 in 24 hours. On 18th March, Achi's owners launched an NFT of the original photograph of the dog, which sold at auction for 1,210 ETH (approximately $4.3 million). On 28th March, WIF surpassed PEPE in market capitalisation, becoming the third largest memecoin in the world after Dogecoin and Shiba Inu, with a capitalisation exceeding $4,500 million. The month culminated on 31st March with WIF reaching its all-time high of $4.85.

On 25th April 2024, Coinbase listed WIF on its platform. In November 2024, Coinbase included WIF in its roadmap and opened trading days later, whilst Robinhood also listed the token, driving a second price peak around $4.67 during that month. However, controversy arose in January 2025 when on 28th January the official WIF account on X posted "Officially confirmed. Viva hat Vegas", insinuating the appearance on the Sphere during the first quarter of 2025, although the entry was edited hours later to remove the confirmation.

On 31st January 2025, the Sphere publicly denied any agreement with Dogwifhat and accused the organisers of using its name for fraudulent purposes, causing WIF's price to fall 18% that day. Finally, on 31st March 2025, co-organiser Edward announced on X the definitive cancellation of the Sphere Wif Hat campaign and the start of refunds to contributors, confirming that the 697,800 USDC remained intact in the original multisig wallet.

dogwifhat (WIF) functions as a standard SPL (Solana Program Library) token on the Solana blockchain, launched in November 2023 with a fixed total supply of 998.9 million units. Practically all of these tokens were put into circulation from the moment of launch, without additional mechanisms for issuance, burning, mining or staking that would modify the available supply. By operating on Solana's infrastructure, WIF transactions are processed in less than one second with fees below $0.01, taking advantage of the technical characteristics of this high-speed blockchain.

Unlike other crypto projects, dogwifhat deliberately lacks technical utility, roadmap, whitepaper or identified public team. Its functioning is based exclusively on supply and demand dynamics driven by social media attention, meme culture and the speculative interest of market participants. The token is available for trading both on major centralised exchanges such as Binance, Coinbase, Kraken, Bybit and Robinhood, as well as on decentralised platforms native to Solana such as Raydium and Orca, where users can trade it directly from their wallets without intermediaries.

The project's community is organised around the slogan "The Hat Stays On", making direct reference to the original meme that shows a Shiba Inu dog called Achi wearing a pink knit hat. Issa, Achi's actual owner, has publicly declared having no affiliation with the crypto project, establishing a clear separation between the original meme and the token that has adopted its image as a symbol.

Data verified against external sources. Some values may have changed since the last update.