WIF — dogwifhat on Solana
dogwifhat turned a single viral image of a Shiba Inu in a knitted hat into one of the largest memecoins on Solana.
About dogwifhat
dogwifhat, universally known by its ticker WIF, launched on Solana in November 2023. The token is based on a simple viral image of a Shiba Inu wearing a knitted hat — no lore, no roadmap, no team doxx — and it rapidly became one of the largest memecoins on Solana by market cap. WIF was one of the tokens that helped define Solana's 2023—2024 memecoin cycle, alongside BONK and later POPCAT and FARTCOIN. Its growth was driven almost entirely by social virality and community momentum rather than by any underlying product or protocol. At its 2024 peak, WIF reached a market cap above $4 billion, which placed it among the largest memecoins across all chains. WIF remains one of the most actively traded SPL tokens by daily volume and is one of the default memecoin holdings for Solana traders who want exposure to the sector.
Supply, distribution, and tokenomics
WIF has a fixed maximum supply of approximately 998 million tokens, with no ongoing emissions. At launch, the distribution was relatively concentrated among early buyers, with no formal team or venture allocation disclosed. This means WIF's supply is largely held by the market rather than by a vesting schedule, and the token's price is determined by the balance of buyers and sellers in secondary markets. Because the supply is fixed and there is no inflation, WIF's market cap grows and shrinks entirely with its price. WIF has not undergone any major token burns or supply modifications since launch. For traders, this means WIF's float is effectively fully circulating, and there is no scheduled unlock that could add sell pressure — a feature that has made WIF attractive to some memecoin traders relative to tokens with ongoing vesting.
Use cases and ecosystem
WIF is a pure memecoin. It does not have protocol fees, governance rights, or cash flow. Its uses are cultural and speculative: it is held by Solana traders as a bet on memecoin sentiment, used for community participation and tipping, and traded actively on Solana DEXs and centralized exchanges. WIF's liquidity on Solana is deep — WIF/SOL is one of the highest-volume memecoin pairs on Raydium and Orca — which makes it easy to enter and exit positions at reasonable slippage. WIF is also listed on major centralized exchanges including Binance, Coinbase, Kraken, and OKX, which means Solana traders can move between on-chain and off-chain WIF liquidity. For most users, WIF is a way to hold exposure to Solana memecoin cycles without needing to launch a new token.
How to buy WIF on Solana
To buy WIF on Solana, connect a Solana wallet to SwapKing, select SOL or USDC as the input token, select WIF as the output, enter the amount, and click Swap. WIF/SOL and WIF/USDC are among the deepest memecoin pools on Solana, so slippage for retail-sized swaps is typically under 1%. WIF is also available on centralized exchanges including Binance, Coinbase, Kraken, and OKX. The Solana mint address for WIF is EKpQGSJtjMFqKZ9KQanSqYXRcF8fBopzLHYxdM65zcjm — always verify this before swapping, because fake WIF tokens with similar names exist on Solana.
Risks and considerations
WIF is a memecoin with no underlying utility, cash flow, or governance rights. Its price depends entirely on community sentiment, social momentum, and speculative cycles, which makes it extremely volatile. WIF has drawn down more than 80% from its prior all-time high, and similar drawdowns are possible in the future. Its supply is concentrated among early holders, which means that any large holder deciding to exit can produce outsized price movements. WIF's price also correlates with the broader Solana memecoin market, so a downturn in one major memecoin can spill over into WIF. SwapKing is non-custodial and does not manage any of these risks.
Where to go next
Swap WIF on Solana directly on this page. For a deeper look at the WIF market, review the SOL to WIF and WIF to SOL pair pages. For context on how Solana prices and routing are measured, see Methodology. If you are new to Solana, start with How to Swap Tokens on Solana.
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Frequently Asked Questions
What is WIF?
WIF, or dogwifhat, is one of the largest memecoins on Solana. It is based on a viral image of a Shiba Inu wearing a knitted hat and has no underlying product or protocol.
When did WIF launch?
WIF launched on Solana in November 2023, during the Solana memecoin resurgence that followed the FTX collapse and Solana's network recovery.
What is the WIF mint address on Solana?
The Solana SPL mint address for WIF is EKpQGSJtjMFqKZ9KQanSqYXRcF8fBopzLHYxdM65zcjm. Verify before swapping.
Does WIF have utility?
No. WIF is a pure memecoin. Its value is derived entirely from community sentiment and speculative demand, not from any product, fee, or governance right.
What slippage should I use for a WIF swap?
1% is standard for WIF/SOL and WIF/USDC swaps. Larger trades may require higher slippage depending on current pool depth.
Is WIF safe?
WIF is a memecoin with no guaranteed value. It has drawn down more than 80% from its prior all-time high. SwapKing does not guarantee the safety of any SPL token.