WIF dogwifhat Rank #196 $0.1540 ▼ 2.53%

dogwifhat (WIF) is a community-driven memecoin on the Solana blockchain, built around the image of a Shiba Inu dog wearing a pink knitted hat. Launched anonymously in late 2023, the project is a self-described "pure meme" token, deliberately designed without formal tokenomics, venture backing, or added utility such as DeFi or gaming features. Its stated philosophy, "hat stays on," emphasizes preserving the original meme identity rather than expanding into a broader ecosystem. The token has become a notable cultural phenomenon within the Solana ecosystem, relying on social consensus and influencer-driven virality rather than formal governance or a DAO structure. The project gained significant public attention through the "Sphere Wif Hat" campaign, a community effort launched in March 2024 that raised nearly $700,000 in USDC to display the mascot on the Las Vegas Sphere. Organizers officially ended the initiative on March 31, 2025, after extended negotiations, and began refunding donors. WIF trades with deep liquidity on Solana-based decentralized exchanges such as Jupiter and Raydium, is bridged to the Unichain network, and is listed across major centralized exchanges. The project also participates in the GMCI Meme Index.