[{"data":1,"prerenderedAt":352},["ShallowReactive",2],{"api/learn-center-post-en-what-is-dogwifhat-wif":3,"footer-en":63,"learn/cryptocurrency-guide/what-is-dogwifhat-wif-en-seo":261,"navigation-en-learn-center":266,"api/learn-categories-en":313},{"seo":4,"locale":28,"breadcrumbs":29,"excerpt":37,"featuredImage":38,"components":45,"title":5,"formattedPublishedAt":56,"geofencings":57,"category":58,"pagination":60,"campaignExternalId":8},{"title":5,"metaTitle":6,"metaDescription":7,"keywords":8,"metaRobots":8,"structuredData":9,"metaImage":10,"metaSocial":18,"canonicalURL":8,"localizations":19},"What is dogwifhat? (WIF)","What is dogwifhat? (WIF) - Cryptocurrency Guide","Dogwifhat (WIF) is a dog-inspired memecoin based on the Solana blockchain. \"literally just a dog wif a hat.\"",null,{},{"url":11,"mime":12,"ext":13,"width":14,"height":15,"name":16,"alt":17},"bitstampImageUrl/what_is_dogwifhat_wif_1png_52e88e79fe_8e393f4eb9.png","image/png",".png",744,381,"what_is_dogwifhat_wif_1png_52e88e79fe.png","",[],[20,23,26],{"pathname":21,"locale":22},"/en-gb/learn/cryptocurrency-guide/what-is-dogwifhat-wif/","en-GB",{"pathname":24,"locale":25},"/es/learn/cryptocurrency-guide/what-is-dogwifhat-wif/","es",{"pathname":27,"locale":28},"/learn/cryptocurrency-guide/what-is-dogwifhat-wif/","en",[30,34],{"id":31,"text":32,"url":31,"asUrl":33},"/learn/cryptocurrency-guide/","Cryptocurrency guide",true,{"id":35,"text":5,"url":27,"asUrl":36},"what-is-dogwifhat-wif",false,"\u003Cp>Dogwifhat (WIF) is a dog-inspired memecoin based on the Solana blockchain.\u003C/p>\n",{"url":39,"mime":40,"ext":41,"width":42,"height":43,"name":44,"alt":17},"bitstampImageUrl/what_is_dogwifhat_wifsvg_29688e1124_185d845c1a.svg","image/svg+xml",".svg",1676,858,"what_is_dogwifhat_wifsvg_29688e1124.svg",[46],{"component":47,"props":48,"content":49,"secondaryContent":53,"ctas":54,"secondaryCtas":55,"ctasNoMarginTop":36},"section.full-text",{"centered":36,"withoutSectionContainer":36},{"text":50,"width":51,"align":52},"\u003Cp>Dogwifhat is based on one of the many Shiba Inu dog memes, which have a longstanding association with the digital asset sector thanks to the original meme cryptocurrency, \u003Ca href=\"/learn/cryptocurrency-guide/what-is-dogecoin-doge/\">Dogecoin (DOGE)\u003C/a>, established in 2013. Since then, several other \u003Ca href=\"/learn/crypto-101/what-are-memecoins/\">memecoins\u003C/a> have launched to varying degrees of success, with dogs emerging as a popular theme. For example, \u003Ca href=\"/learn/cryptocurrency-guide/what-is-shiba-inu-shib/\">Shiba Inu (SHIB)\u003C/a> has grown to become one of the biggest rivals to Dogecoin, as well as operating its own Layer 2 and exchange.\u003C/p>\n\u003Cp>In comparison, Dogwifhat is a relative newcomer, having only launched its token in late 2023. Despite its late entrance, the project saw remarkable success in the months following launch, rising to become one of the top-ranked memecoins after DOGE and SHIB, thanks to a vibrant and engaged community. The success comes despite the project's modest assertion that it is \"literally just a dog wif a hat.\"\u003C/p>\n\u003Ch2>How was dogwifhat developed?\u003C/h2>\n\u003Cp>The developers of dogwifhat have chosen to remain anonymous, so the origins of the project aren't known. However, they were evidently inspired by the Shiba Inu memecoin movement since the developers selected a popular meme of a \u003Ca href=\"https://knowyourmeme.com/memes/dogwifhat\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Shiba puppy wearing a pink beanie hat\u003C/a> to symbolize the project.\u003C/p>\n\u003Cp>The token launched on the \u003Ca href=\"/learn/cryptocurrency-guide/what-is-solana-sol/\">Solana\u003C/a> blockchain in November 2023 and was an immediate hit among memecoin traders. Following listings on several large, centralized exchanges, the value of WIF soared, and in late March 2024, it overtook \u003Ca href=\"/learn/cryptocurrency-guide/what-is-pepe/\">PEPE\u003C/a> to become the third largest memecoin by market cap.\u003C/p>\n\u003Cp>The Shiba Inu featured in the dogwifhat meme is a real-life puppy named Achi. On March 18, the owners of Achi launched an \u003Ca href=\"/learn/web3/what-are-ethereum-nfts/\">NFT\u003C/a> of the original image, which sold at auction for over 1,210 ETH, worth $4.3 million dollars at the time.\u003C/p>\n\u003Cp>The dogwifhat community has proven enthusiastic about organizing initiatives related to the project. On March 14, supporters successfully crowdfunded over $700,000 in USDC to pay for dogwifhat to appear on the side of the Las Vegas Sphere in a campaign dubbed \"Sphere Wif Hat.\" However, at the time of publication, it was unknown whether the bid for the Sphere had been accepted.\u003C/p>\n\u003Cp>In April 2024, some community members launched the dogwifhat store, which sells pink beanie hats and states that profits are donated to a stray dog charity.\u003C/p>\n\u003Ch2>How does dogwifhat work?\u003C/h2>\n\u003Cp>The project claims to be \"literally just a dog wif a hat\" which sums up the simplicity of the dogwifhat \u003Ca href=\"/learn/crypto-101/what-is-tokenomics/\">tokenomic\u003C/a> model and overall ethos of the project.\u003C/p>\n\u003Cp>The project's mission statement asserts that:\u003C/p>\n\u003Cp>\"WIF isn't just a cryptocurrency; it's a symbol of progress, for futuristic transactions, a beacon for those who think ahead. It's clear that the future belongs to those who embrace innovations like WIF, transcending boundaries & paving a new era in finance and technology.\"\u003C/p>\n\u003Cp>WIF is an SPL token based on Solana, which is similar to the \u003Ca href=\"/learn/crypto-101/what-is-erc20/\">ERC-20\u003C/a> fungible token standard on Ethereum. A maximum supply of 998.9 million WIF will ever be issued, according to the project's creator. There are no mechanisms in place to affect token supply, such as \u003Ca href=\"/learn/blockchain/what-is-staking/\">staking\u003C/a> or burning.\u003C/p>\n\u003Cp>The community initiatives organized around dogwifhat have so far been crowdfunded independently, so there is no requirement to own WIF to participate. Anyone who wants to join the dogwifhat community can simply follow the project on X or Telegram to discover more about the various initiatives and connect with other dogwifhat supporters.\u003C/p>\n\u003Cp>The success of the project has also led to at least one spinoff – catwifhat – creating another memecoin with its own niche community.\u003C/p>\n\u003Ch3>How is WIF used?\u003C/h3>\n\u003Cp>WIF does not currently have any utility. It's a memecoin traded purely for its speculative value. Like many memecoins and smaller altcoins, the price of dogwifhat can be highly volatile, providing the opportunity for significant returns.\u003C/p>\n\u003Cp>However, volatility also incurs a high risk of losses, so traders should use appropriate risk management tools such as stop-loss orders and maintaining a diverse portfolio to manage their exposure.\u003C/p>\n\u003Ch2>Conclusion\u003C/h2>\n\u003Cul>\n\u003Cli>Dogwifhat is a memecoin based on a popular meme of a Shiba Inu puppy wearing a pink beanie.\u003C/li>\n\u003Cli>It's a relative newcomer to the memecoin segment, having launched in late 2023, but has seen remarkably rapid growth thanks to an engaged community.\u003C/li>\n\u003Cli>WIF is an SPL token hosted on Solana and is only used for speculative purposes, having no utility.\u003C/li>\n\u003C/ul>\n","full","left",{"text":17},[],[],"May 16th, 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20 3868 9628","+442038689628",{},{},{"noFollow":36,"isExternal":36,"name":245,"value":246,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":247,"geofencings":248},"+1 800 712 5702","+18007125702",{},{},{"noFollow":36,"isExternal":36,"name":250,"value":251,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":252,"geofencings":253},"+352 20 88 10 96","+35220881096",{},{},{"noFollow":36,"isExternal":36,"name":255,"value":256,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":257,"geofencings":258},"+65 3105 1676","+6531051676",{},{},"\u003Cp>Please read the general \u003Ca href=\"/legal/risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Warning\u003C/a>, and \u003Ca href=\"/legal/uk-investment-risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Summary\u003C/a> for UK residents before investing in crypto-assets. \u003C/p>\n\u003Cp>Crypto-assets services are provided by the following Bitstamp legal entities depending on client residency: (1) Bitstamp Europe S.A., which is authorized by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg as a payment institution (licence number Z00000012) and crypto-asset service provider (licence number N00000003); Registered address: 40, avenue Monterey, L-2163 Luxembourg, Grand Duchy of Luxembourg; Registration number: B196856; (2) Bitstamp UK Ltd., which is registered with the Financial Conduct Authority (FCA) in the UK for the provision of certain cryptoassets activities under the Money Laundering Regulations (Firm Reference Number 978690); Registered address: 5 New Street Square, EC4A 3TW London, United Kingdom; Registration number: 14174243; (3) Bitstamp Ltd.with its registered address at 5 New Street Square, EC4A 3TW London, United Kingdom and registration number: 8157033; (4) Bitstamp Global Ltd., which is registered as a Virtual Asset Service Provider in the British Virgin Islands and is supervised by the British Virgin Islands Financial Services Commission (FSC); Registered address: Floor 4, Banco Popular Building, Road Town, Tortola VG1110, British Virgin Islands; Registered number: 2086429; and (5) Bitstamp Asia Pte Ltd, which is authorized by the Monetary Authority of Singapore (MAS) as a major payment institution (licence number PS20200667); Registered address: 63 Chulia Street, OCBC Centre East, #15-01, Singapore 049514; Registered number: 202016687K;\u003C/p>\n\u003Cp>Virtual currency services to US residents are provided by Bitstamp USA, Inc., which is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Licensed as a Money Transmitter by the New York State Department of Financial Services. Review a \u003Ca href=\"/legal/usa-inc/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">list of its licenses and other registrations\u003C/a> (NMLS number \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">1905429\u003C/a>) for more information; Registered address: 85 Willow Road, Menlo Park, CA 94025, United States of America; Registered number: 5481543.\u003C/p>\n\u003Cp>Investment services with regards to trading in crypto derivatives are provided by Bitstamp Financial Services Ltd., which is authorized and supervised by the Slovenian Securities Market Agency (ATVP) as a MiFiD investment firm. Trading crypto derivatives carries significant risks and may result in substantial losses. Please trade responsibly and ensure you understand the associated risks. You can find more about the risks \u003Ca href=\"/legal/financial-services/general-terms-and-conditions/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>. To help you understand the risks involved we have put together a series of \u003Ca href=\"/derivatives/key-information-documents/\" target=\"_blank\" rel=\"noopener noreferrer\">Key Information Documents (KIDs)\u003C/a> highlighting the risks and rewards related to each derivatives contract. Crypto derivatives trading is not available to customers in the US, Canada, Japan and some other countries. Bitstamp Financial Services Ltd. does not provide crypto-asset services.\u003C/p>\n\u003Cp>To find out more about which Bitstamp entity you receive services from, please check the Profile/My information in your Bitstamp account. You can read more about our legal terms, policies and disclosures \u003Ca href=\"/legal/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>.\u003C/p>\n","\u003Cp>All rights reserved © 2026 Bitstamp by Robinhood. \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">NMLS #1905429\u003C/a>\u003C/p>\n",{"description":7,"ogDescription":7,"ogImage":262,"twitterImage":262,"twitterSite":263,"twitterCreator":263,"twitterCard":264,"twitterTitle":6,"twitterDescription":7,"titleTemplate":265},"https://assets.bitstamp.net/msc/_ipx/enlarge_true&f_png&fit_cover&q_85&s_1200x630/bitstampImageUrl/what_is_dogwifhat_wif_1png_52e88e79fe_8e393f4eb9.png","@Bitstamp","summary_large_image","%s",{"items":267,"ready":33,"platformButtonText":309,"backButtonText":310,"logInButtonText":311,"signUpButtonText":312},[268,272,275,278,281,284,287,292,295,300,305],{"headerName":269,"sidemenuName":140,"url":141,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":270,"submenu":271,"tag":17},"Institutions",{},[],{"headerName":132,"sidemenuName":132,"url":133,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":273,"submenu":274,"tag":17},{},[],{"headerName":155,"sidemenuName":155,"url":156,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":276,"submenu":277,"tag":17},{},[],{"headerName":112,"sidemenuName":112,"url":113,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":279,"submenu":280,"tag":17},{},[],{"headerName":122,"sidemenuName":122,"url":123,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":282,"submenu":283,"tag":17},{},[],{"headerName":127,"sidemenuName":127,"url":128,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":285,"submenu":286,"tag":17},{"geofencing-uk":33},[],{"headerName":288,"sidemenuName":288,"url":289,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":290,"submenu":291,"tag":17},"Markets","/markets/",{},[],{"headerName":117,"sidemenuName":117,"url":118,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":293,"submenu":294,"tag":17},{},[],{"headerName":296,"sidemenuName":296,"url":297,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":298,"submenu":299,"tag":17},"Blog","https://blog.bitstamp.net/",{},[],{"headerName":301,"sidemenuName":301,"url":302,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":303,"submenu":304,"tag":17},"Learn","/learn/",{},[],{"headerName":306,"sidemenuName":306,"url":113,"noFollow":36,"showInHeader":36,"showInSidemenu":33,"geofencings":307,"submenu":308,"tag":17},"Get Bitstamp by Robinhood app",{},[],"Go to platform","Back","Log in","Get started",[314,318,322,326,330,334,336,340,344,348],{"title":315,"url":316,"geofencings":317},"Blockchain technology","/learn/blockchain/",{},{"title":319,"url":320,"geofencings":321},"Company profiles","/learn/company-profiles/",{},{"title":323,"url":324,"geofencings":325},"Crypto 101","/learn/crypto-101/",{},{"title":327,"url":328,"geofencings":329},"Crypto definitions","/learn/crypto-definitions/",{},{"title":331,"url":332,"geofencings":333},"Crypto trading","/learn/crypto-trading/",{},{"title":32,"url":31,"geofencings":335},{"geofencing-uk":33},{"title":337,"url":338,"geofencings":339},"People profiles","/learn/people-profiles/",{},{"title":341,"url":342,"geofencings":343},"Security","/learn/security/",{},{"title":345,"url":346,"geofencings":347},"Tutorials","/learn/bitstamp-tutorials/",{},{"title":349,"url":350,"geofencings":351},"Web3","/learn/web3/",{},1772794066829]