dogwifhat price
in USD$1.0768
-$0.01670 (-1.53%)
USD
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Market cap
$1.07B #53
Circulating supply
998.93M / 998.93M
All-time high
$4.8200
24h volume
$521.92M
3.9 / 5


About dogwifhat
dogwifhat’s price performance
Past year
-55.62%
$2.43
3 months
+78.42%
$0.60
30 days
+33.23%
$0.81
7 days
-15.88%
$1.28
dogwifhat on socials

Meme Coins Are ‘Digital Slop,’ Says Solana Co-Founder During Heated Exchange
Key Insights:
Solana co-founder calls meme coins “digital slop” despite the network’s meme coin revenue dependence.
Meme coins account for 62% of Solana DApp revenue, reaching a new all-time high
Yakovenko compares crypto tokens to mobile game loot boxes, lacking intrinsic value
Anatoly Yakovenko faces criticism after dismissing meme coins as worthless despite their importance. The Solana co-founder’s comments created backlash, given the network’s meme coin reliance.
His stance contrasts sharply with data showing meme coins drive the majority of revenue for Solana.
Anatoly Yakovenko described meme coins and NFTs as digital slop lacking intrinsic value. In a recent X post, he compared crypto tokens to mobile game loot boxes.
The Solana co-founder argued their value comes from market-driven price discovery only.
The debate occurred with Base creator Jesse Pollak over fundamental meme coin value. Pollak countered that intrinsic value exists in the content itself directly.
Yakovenko’s X post about meme coins
Yakovenko stood firm even after concurring with Solana’s meme coin dependence for current success.
He described how Solana would not be where it is without meme coins. However, Yakovenko compared this to Apple’s revenues being negligible without loot boxes.
This analogy was attacked because the two platforms are not very similar. Loot boxes are virtual rewards in free games that exploit recurring spending.
They are criticized for encouraging gambling-like behavior with no guaranteed outcome or transparency. There is regulatory concern in Australia, Germany, and other countries about practices.
Yakovenko’s X post comparing meme coins to loot boxes
Earlier posts from X indicate Yakovenko has been holding these opinions since January 2024 reliably. His position does not change even with network expansion due to memecoin activity.
The criticism is directed towards ideological crypto ideals and actual revenue collection.
Meme Coins Dominate Solana Network Revenue
Meme tokens represented 62% of Solana DApp revenue in June 2025, according to Syndica figures.
This is a new all-time high in meme coin revenue on the platform. The percentage increased gradually from around 20% in March 2024 to the current levels.
The chart indicates DApps revenue share by category, with meme coins in purple leading. DEXes are orange. Wallets, telegram bots, and infrastructure are among other categories.
Gaming, NFTs, and DePIN are contributors to small revenue.
Syndica data showing Solana DApps revenue
Metaplex earned $1.6 million in June, maintaining a consistent figure of $1.5 to $2 million per month.
Intense competition in creating meme coins maintains profits constant in the long run. Token generation is the major source of income for the platform.
Nearly 60% of the new Solana coins in 2025 were meme coins. This figure has remained pretty much consistent since the beginning of 2024.
Solana’s minimal fees and simple one-click issuance are some of the reasons why trading volumes have increased.
The meme coin ecosystem and constant trading benefit Solana directly.
Meme Coin Ecosystem Drives Solana Network Activity
Popular meme coins on Solana have exhibited varied outcomes over different time frames recently.
BONK is at $0.00003454 with level hourly activity and a 0.6% daily decrease. Pudgy Penguins (PENGU) hit $0.04233 with 16.5% weekly gains consistently.
The Official Trump meme coin is priced at $10.34 with a 2.2% daily gain but a 10.4% weekly loss. Fartcoin is not giving up at $1.39 price with a 5.2% daily gain, even with a 9.5% weekly loss.
Dogwifhat costs $1.14 with a 6.1% daily gain.
Solana meme coin performance from CoinGecko
Useless Coin registered the best weekly performance, increasing 42.8% to $0.3919. Popcat fell 12.1% weekly, even after recording a 2.0% daily gain at $0.3859 current price.
Low Solana fees help in simple meme coin creation and trading. One-click token creation lowers barriers for new projects. High-frequency trading preferred by the network earns consistent fee revenue.
Solana’s price action has strengthened by almost 30% over the past 30 days. After the short surge above $200, SOL was unable to maintain its higher price and fell directly back down to where it is now.
The post Meme Coins Are ‘Digital Slop,’ Says Solana Co-Founder During Heated Exchange appeared first on The Coin Republic.

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dogwifhat on OKX Learn
Introducing Dogwifhat (WIF): Solana's new meme star
Memecoins have taken the cryptoverse by storm. Imagine a world where currency isn’t backed by gold or governed by central banks. Instead, it thrives on the viral power of internet culture. But memecoi

Introducing Dogwifhat (WIF): Solana's new meme star
Memecoins have taken the cryptoverse by storm. Imagine a world where currency isn’t backed by gold or governed by central banks. Instead, it thrives on the viral power of internet culture. But memecoi

Dogwifhat (WIF) Battles $1.00 Support: Will Bullish Momentum Prevail?
Dogwifhat (WIF) Price Analysis: Psychological Importance of $1.00 and Future Outlook Dogwifhat (WIF), a prominent meme coin, is currently trading near the critical $1.00 price level—a psychological su

dogwifhat FAQ
Currently, one dogwifhat is worth $1.0768. For answers and insight into dogwifhat's price action, you're in the right place. Explore the latest dogwifhat charts and trade responsibly with OKX.
Cryptocurrencies, such as dogwifhat, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as dogwifhat have been created as well.
Check out our dogwifhat price prediction page to forecast future prices and determine your price targets.
Dive deeper into dogwifhat
dogwifhat (WIF) is a-dog-with-a-hat meme coin on Solana network.
Disclaimer
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OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$1.07B #53
Circulating supply
998.93M / 998.93M
All-time high
$4.8200
24h volume
$521.92M
3.9 / 5

