The Dogwifhat Project, a Solana-based meme coin, has raised nearly $700,000 to project their image of a Shiba Inu wearing a pink hat onto the Sphere in Las Vegas. This amount was raised with support from the community.
The Sphere is known as the largest entertainment arena in the world covered in LED screens.
Dogwifhat (WIF) in Las Vegas
Projecting the meme coin project onto the Sphere in Las Vegas required significant funding. To this end, the community launched a crowdfunding campaign on March 9 under the name “Sphere Wif Hat”. This initiative turned out to be a resounding success; within days, $690,000 had been raised.
These donations, mainly in USDC stablecoin, were managed securely via a multisig wallet, overseen by five key figures from the Dogwifhat community, ensuring transparent and collective management of the funds.
Dogwifhat price shoots up
The success of this campaign has seen the Dogwifhat token (WIF) experience a significant increase in value. Within just 24 hours, the price rose by 35 percent and over the last week the token recorded an impressive increase of more than 80 percent.
This price increase has made Dogwifhat now worth more than BONK. Currently, Dogwifhat is the fourth largest meme coin worldwide, with a market cap approaching $2.90 billion, trailing only Dogecoin, Shiba Inu, and PEPE.
Conclusion
The move to showcase Dogwifhat on the big screens of the Sphere not only illustrates the growing popularity of this meme coin, but also demonstrates the progressive fundraising and marketing methods emerging within the crypto sector.
To date, the five individuals responsible for organizing this fundraiser have yet to provide evidence of any communication with the Sphere’s marketing team, or confirmation of payment made for this advertising spot.
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Source: https://newsbit.nl/dogwifhat-wif-de-meme-coin-die-gaat-schitteren-op-de-las-vegas-sphere/
