© Reuters. ‘Sure This Is Actual’: Videos Of Wall Street Bull ‘Wif Hat’ Go Viral, ‘Dogecoin Killer’ $WIF Up 17%
Benzinga – Viral movies of the Charging Bull bronze statue on Wall Street sporting a knitted hat despatched commentators on X, previously Twitter, right into a frenzy and the referenced memecoin Dogwifhat (CRYPTO: WIF) surging 17%.
What Occurred: On Friday afternoon, movies appeared of the Charging Bull sporting “a hat,” with curious onlookers taking photos of the bizarre sight:
Sure that is actual pic.twitter.com/oAKRJv2H1J
— OJC (@OjCrypto) February 2, 2024
A number of movies from completely different angles present folks taking photos with the hat-wearing bull. “THE NORMIES LOVE $WIF,” exclaimed one account on social media. In response to an unconfirmed report from an observer on website, the bull’s look was fashionable with among the bystanders:
They actually put an enormous hat on the wall road bull
Can hear the police saying “the hat should come off”
And the degens chanting “hat stays on”
Absolute film scene – I like this coin pic.twitter.com/uO0x2elM1q
— KingFUD (@Joedidonato94) February 2, 2024
In response to a photograph of one other social media observer, the hat “got here off” the bull later within the day. The identical observer requested Ansem, a Solana (CRYPTO: SOL)-related influencer to “kindly head over and put it again on.” Ansem, a New York Metropolis resident, headed to Wall Street, documenting his “sidequest” to “return the hat to the bull” in a number of tweets. He tweeted a night-time image of himself and the bull statue – with hat.
It’s unknown whether or not the bull continues to be sporting the hat on the time of writing.
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Why It Issues: The publicity stunt prompted the associated Dogwifhat memecoin to surge 25%.
It’s presently buying and selling round $0.25, up 17% over the previous 24 hours however down round 50% from its all-time excessive. $WIF has been tipped to develop into a long-term rival of established dog-themed memecoins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).
Commentators on X have been amused by the stunt.
“Bullwifhat,” tweeted Kraken, a crypcurrency change.
Arthur Hayes, co-founder of BitMex, a cryptocurrency change, mentioned, “TradFi higher be careful. After we $WIF hat, something is feasible.”
One other observer was impressed by “this ‘advertising’ marketing campaign whereas WIF is on the lows, down >50%,” saying “hat stays on.”
In a separate — however presumably associated — growth, a Twitch streamer and Fortnite participant going by the social media deal with “issa” claimed to be the originator of the “Dogwifhat” meme. He introduced in a tweet that he can be “launching the REAL $dogwifhat, however on Ethereum.” Screenshots appear to lend credibility to his declare, though they may not be independently verified.
The $dogwifhat token on Ethereum (CRYPTO: ETH) launched to a excessive of $30 million in market capitalization and is presently buying and selling round a market cap of $10 million.
What’s Subsequent: The advertising stunt might be seen as one other signal of cryptocurrency tradition seeping into the mainstream, with memecoins on the forefront of it.
Learn Subsequent: Bitcoin Might Go ‘To $150K,’ Says Crypto Veteran Lark Davis, Shares Exit Technique: ‘Do not Purchase Endlessly’
Picture: Shutterstock
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