Solana-Based Memecoin Explodes 70% in Two Days Amid Robinhood Europe Adding Support for the Altcoin

A popular Solana (SOL)-based memecoin is soaring as retail trading giant Robinhood adds the digital asset to its European platform.

Robinhood announced Friday that it was listing dogwifhat (WIF) for European Union (EU) customers to trade.

Says Robinhood,

“WIF is now live for trading on Robinhood Crypto in select EU jurisdictions!”

The dog-theme memecoin has recorded a nearly 70% gain in two days, rising from a low of $0.573 on February 28th and trading for $0.972 at time of writing.

Amid the Robinhood news, WIF soared to an all-time high of $1.05 on Friday before retracing slightly.

Some crypto analysts are suggesting WIF, which launched in November, can continue its move to the upside.

Pseudonymous analyst Bluntz recently said he believes WIF will be a top-performing digital asset in the current crypto cycle, suggesting it will hit the $3 level.

“WIF will be my kingmaker trade for this cycle.”

In the past seven days, WIF, which is inspired by a viral image of a Shiba Inu dog wearing a hat, has increased by more than 228%. By market cap, WIF is ranked 106th compared to other digital assets.

Other dog-themed memecoins have also put up big recent gains in the past week.

Dogecoin (DOGE) is trading at $0.128 at time of writing, up more than 52% in the past seven days.

Meanwhile, Shiba Inu (SHIB) is trading for $0.00001428 at time of writing, up more than 50% in the past week.

Generated Image: Midjourney