Solana’s Favorite Hat-Wearing Meme Coin Is on the Move Again

Dogwifhat (WIF) has surged 14% from yesterday's low, catching the attention of retail traders. And with some bulls targeting the $5 mark, can WIF keep climbing?

Solana’s favorite hat-wearing meme coin is back on the move.

Dogwifhat (WIF) has risen 14% from yesterday’s low, catching the attention of retail traders.

And with some bulls targeting the $5 mark, can WIF keep climbing in the days and weeks ahead?

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Dogwifhat Price Rallies as Spot Trading Volume Explodes

WIF is currently trading at $1.089 after shaking off its midweek slump.

The pink-hatted dog coin has gained 53% in the past seven days and a whopping 192% since this time last month – figures that outpace most of its peers.

Dogwifhat’s trading activity tells a similar story.

WIF passed $1 billion in 24-hour spot trading volume, placing it fourth among all meme coins.

After hitting Monday’s peak, WIF did cool off for a few days, but now it seems to have found its footing again.

Holders are getting excited as the coin breaks out of what looks like a textbook bull flag pattern on the 4-hour chart.

Interestingly, there isn’t any news driving this latest surge.

Instead, it’s just speculative demand from traders who are hopeful that WIF has bottomed out.

With local highs around $1.30, the short-term outlook looks bright for Dogwifhat.Can WIF Hit $5 and Post a New All-Time High?

Can Dogwifhat climb all the way to $5?

It’s a big ask – but not entirely impossible.

WIF previously came within pennies of that milestone, touching $4.85 during March 2024’s bull run before selling off.

Getting to $5 would mean WIF would need to rally around 364% from current levels – massive in traditional markets but not uncommon in the meme coin space.

At that price, WIF would be sporting a market cap of around $3.9 billion, which is even higher than the TRUMP coin.

Some influencers think this is possible.

$WIF under $5 is still free https://t.co/wnRfenz7no pic.twitter.com/5WO4RxY6fI

— Herro (@HerroCrypto) May 12, 2025

Popular trader @HerroCrypto told his 85,000+ followers that buying WIF below $5 is “basically free” – implying that he thinks it’s a bargain.

But the elephant in the room is that WIF has zero utility beyond its meme status.

There’s no staking, no governance, no DeFi use case – just a cute dog wearing a hat.

So, for WIF to hit $5, we’d need another full-blown meme coin supercycle where retail traders take over the market.

It’s unlikely this will happen in the near term, given that no clear catalysts are on the horizon to prompt such a rally.

However, a return to peak meme coin mania is possible in the long term.

How New AI Meme Coin MIND of Pepe Could Outshine Dogwifhat’s Gains

While Dogwifhat’s potential has people talking, the real life-changing gains come from finding promising coins before they hit major exchanges.

That’s where projects like MIND of Pepe (MIND) come into the picture – currently going viral after raising $9.3 million in presale.

With just two weeks left before the presale ends, investors are rushing to buy MIND tokens ahead of their launch on a DEX. But why all the excitement?

Because MIND of Pepe offers something useful – an AI agent designed to help traders make better decisions.

This agent scans social media platforms (like X and Discord), tracks influencer opinions, and analyzes market sentiment to identify promising crypto projects.

Think about all the moments you’ve kicked yourself for missing “the next Dogecoin” – MIND of Pepe will help you avoid that. And crucially, the AI agent learns from every interaction.

It gets smarter over time, plus it can create and launch its own tokens to capitalize on market trends.

Only MIND holders get access to these insights and tokens.

Right now, MIND is available for purchase at just $0.3715 during presale, and investors can also stake their tokens for an above-average yield.

Crypto analyst ClayBro believes this low price could “10x” after MIND goes live on exchanges.

So, while Dogwifhat might still have room to move up, this new AI meme coin has even better prospects.