Cryptocurrency

'Yes This Is Real': Videos Of Wall Street Bull 'Wif Hat' Go Viral, 'Dogecoin Killer' $WIF Up 17%



© Reuters. ‘Yes This Is Real’: Videos Of Wall Street Bull ‘Wif Hat’ Go Viral, ‘Dogecoin Killer’ $WIF Up 17%

Benzinga – Viral videos of the Charging Bull bronze statue on Wall Street wearing a knitted hat sent commentators on X, formerly Twitter, into a frenzy and the referenced memecoin Dogwifhat (CRYPTO: WIF) surging 17%.

What Happened: On Friday afternoon, videos appeared of the Charging Bull wearing “a hat,” with curious onlookers taking pictures of the unusual sight:

Several videos from different angles show people taking pictures with the hat-wearing bull. “THE NORMIES LOVE $WIF,” exclaimed one account on social media. According to an unconfirmed report from an observer on site, the bull’s appearance was popular with some of the bystanders:

According to a photo of another social media observer, the hat “came off” the bull later in the day. The same observer asked Ansem, a Solana (CRYPTO: SOL)-related influencer to “kindly head over and put it back on.” Ansem, a New York City resident, headed to Wall Street, documenting his “sidequest” to “return the hat to the bull” in several tweets. He tweeted a night-time picture of himself and the bull statue – with hat.

It is unknown whether the bull is still wearing the hat at the time of writing.

Read Also: Report Outlines How To Trade Today’s Altcoin Market: ‘SOL Will Be Our Main Focus’

Why It Matters: The publicity stunt prompted the related Dogwifhat memecoin to surge 25%.

It is currently trading around $0.25, up 17% over the past 24 hours but down around 50% from its all-time high. $WIF has been tipped to become a long-term rival of established dog-themed memecoins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).

Commentators on X were amused by the stunt.

“Bullwifhat,” tweeted Kraken, a crypcurrency exchange.

Arthur Hayes, co-founder of BitMex, a cryptocurrency exchange, said, “TradFi better watch out. When we $WIF hat, anything is possible.”

Another observer was impressed by “this ‘marketing’ campaign while WIF is at the lows, down >50%,” saying “hat stays on.”

In a separate — but possibly related — development, a Twitch streamer and Fortnite player going by the social media handle “issa” claimed to be the originator of the “Dogwifhat” meme. He announced in a tweet that he would be “launching the REAL $dogwifhat, but on Ethereum.” Screenshots seem to lend credibility to his claim, although they could not be independently verified.

The $dogwifhat token on Ethereum (CRYPTO: ETH) launched to a high of $30 million in market capitalization and is currently trading around a market cap of $10 million.

What’s Next: The marketing stunt can be seen as another sign of cryptocurrency culture seeping into the mainstream, with memecoins at the forefront of it.

Read Next: Bitcoin Could Go ‘To $150K,’ Says Crypto Veteran Lark Davis, Shares Exit Strategy: ‘Don’t Buy Forever’

Photo: Shutterstock

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga





READ SOURCE

This website uses cookies. By continuing to use this site, you accept our use of cookies.