WIF (short for DogWifHat) is a meme coin project launched on the Solana blockchain, featuring a Shiba Inu wearing a knitted hat—a design that quickly went viral in the crypto community. While the project does not offer a traditional technical white paper, it has built a highly active global user base on platforms like X (formerly Twitter), Telegram, and Discord, fueled by its blend of humor and community-driven governance.
Chart: https://www.gate.com/trade/WIF_USDT
As of July 29 on the Gate platform, the latest WIF/USDT transaction price is 1.0315 USDT.
According to recent market analysis, WIF is currently experiencing a correction. The recent outflow of some short-term capital has led to a price pullback, but it has not broken below the key support zone (1.00–1.02 USDT).
WIF’s recent technical formation has attracted widespread attention. Multiple traders have identified the development of a “cup and handle” pattern—a classic bullish continuation signal:
Based on historical price action, the next target range could be 1.70–1.85 USDT. However, confirmation of this technical pattern still depends on a breakout supported by strong trading volume.
On-chain tracking platform Lookonchain has reported that several crypto whale addresses have been steadily buying WIF on Gate and Bybit, with total purchases exceeding 39 million USDT. This indicates that large investors continue to have confidence in the project. Whales have been accumulating WIF whenever the price approaches key support levels, indicating a preference for medium- to long-term holding strategies.
Such whale accumulation often signals potential upward price momentum and can serve as a reference point for new investors considering when to enter the market.
WIF does not operate in isolation—its price movements often correlate with other meme coins, especially BONK, DOGE, and PEPE. Since 2025, the meme coin sector has remained highly popular, standing out as a highlight in the ongoing bull market.
The current community focus includes:
General investors should consider the following recommendations: