Solana meme coin Dogwifhat ( WIF ) has jumped double digits over the past 24 hours, after the token’s official X account confirmed, retracted, and then only hinted that the dog would finally appear on the Las Vegas Sphere.
This comes more than nine weeks after five administrators raised$ 700,000 to throw Dogwifhat on the Sphere. Since then, the organization has received a lot of criticism, the majority of it coming from influential Ansem because of his massive following, with many requesting that the funds be given back to donors. Some assumed the advertisement would never be broadcast.
But on Tuesday night, the Dogwifhat X accounts posted” Actually confirmed. A photo of its mascot wearing the Sphere as a hat and holding a phone with” Q1 2025″ displayed on its screen, possibly indicating when it will take place, will accompany the” Viva Hat Vegas” video. This was immediately deleted and reposted without the “officially confirmed” label line.
” Times as soon as we are allowed to discuss”, a Dogwifhat comment said. ” Helmet gets on”.
times when we will be permitted to communicate.
helmet stays on
— dogwifcoin ( @dogwifcoin ) January 28, 2025
As a result, WIF spiked 34.7 % to$ 1.34 over the coming four hours, according to CoinGecko data. That said, WIF is still down 6.2 % over the past seven days and 72 % from its all-time high achieved in March 2024, the same month the Sphere funds were raised.
Soon after the X article,$ 697, 811 left the Wif Sphere multi-sig budget to a new, unknown budget. These funds still are in the bag. An hour prior to the significant purchase, Coinbase received a small amount of USDC from the new unknown wallet, according to onchain data.
This comes a few days after the Sphere Wif Hat campaign received more negative reviews as a result of the$ 100 being removed from the original multi-sig fundraising wallet. Last year more than$ 13, 000 was transferred to the multi-sig budget via numerous trades, all to the same pocket. Eventually, it appears that this budget used the funds to overspend on joke coins.
Ansem responded that the larger movement of money was to compensate those who created the site, created and sold hats as merchandise, and that the most recent deal was a “test.” Still there was a separate test transaction of$ 4.20, sent to a different wallet ahead of the$ 697, 000 transaction.
The Dogwifhat team insists that it is assured the Universe advert will appear, but it isn’t convinced enough to declare that it has been “officially confirmed.”
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