Dogwifhat ($WIF) Surges with Whale Accumulation, Eyes Breakout Above $1.10

Key Points

1. $WIF's price increased by 8.2% in the last 24 hours, reaching $1.12, backed by a $1.1 billion market cap and $664 million 24-hour trading volume.

2. Large holders accumulated over $39 million worth of $WIF tokens in early July, signaling optimism for a breakout.

3. DeFi Dev Corp launched a dedicated $WIF validator on Solana, enabling staking rewards and adding utility to the meme coin.

4. WIFStrategy, an institutional-grade initiative, aims to bridge professional participation in the $WIF ecosystem.

5. Open interest in $WIF derivatives rose by 14% to $508 million, with a bullish long/short ratio on Binance, indicating strong demand.