Dogwifhat

2023

Date: 20 November 2023 · Place: Solana mainnet · Raydium · contract EKpQGSJtjMFqKZ9KQan · Figures: Anonymous WIF deployer · The dog in the pink knit hat · Tags: Memecoin, Solana, Single Image 01. A Shiba Inu In A Pink Hat On 20 November 2023 a token named dogwifhat, ticker WIF, is deployed on Solana with the image of a Shiba Inu wearing a knit pink beanie. The dog photo dates to 2018, originally posted to Tumblr. The entire pitch is the picture. WIF goes from launch to a $4B market cap by March 2024. A community-funded Las Vegas Sphere ad is briefly attempted. The price action validates the thesis that, in 2023-24, an image with no roadmap can outrun every venture-backed L2 launch. 02. Solana's Memecoin Era Begins WIF is the proof Solana needs after FTX killed its association with SBF. Cheap fees, fast confirmation, and a population of degens who survived the bear become a memecoin substrate that Ethereum cannot match on cost. By 2024 BONK, WIF, POPCAT, and POPCAT-derivatives anchor the Solana cultural identity. The era VII closing note is appropriate. Cryptomemes started in 2020 with Dogecoin, peaked in 2021 with BAYC, collapsed in 2022 with FTX, and persisted in 2023 as a dog in a hat with a four-billion-dollar valuation. Sources • WIF smart contract, Solscan (EKpQGSJtjMFqKZ9KQan...) • CoinGecko, WIF/USD price chart (November 2023 - March 2024) • Decrypt, 'Dogwifhat Hits $4B Market Cap' (March 2024)