Verify a decision
Every moderation decision on AVOID.NET is anchored to the Solana blockchain. You don't have to trust us — you can verify cryptographically that we committed to a verdict at a specific moment and have not rewritten it.
How verification works
- We commit. When a moderator accepts/rejects a submission, we serialize the decision into deterministic UTF-8 bytes (
payload_canonical_string), hash it with SHA-256, encode the digest as base58, and write it to Solana inside an SPL Memo v2 transaction. - We store the bytes. The exact bytes we hashed are stored alongside the decision in our database. Anyone can read them and recompute the hash in any language.
- You compare three values. Database hash, your independently-recomputed hash, and the hash inside the on-chain memo. If all three match, the decision is authentic and timestamped.
The on-chain memo format is
AVOID.NET|v1|h:<b58-sha256>|d:<id>|t:<iso>Find a signature on any investigation page's decision log, or run python -m src.verify_decision --signature <sig> for a CLI check.
Decision
publish · Dogwifhat (WIF)
- Sequence
- #1
- Score
- →
- Cluster
- mainnet-beta
- Slot
- 423508027
- Off-chain at
- 2026-06-01T03:12:51.641Z
- Anchored at
- —
- Block time
- —
Independent verification
- 1. Database (off-chain)
- AXnkVnrgBeXSwSqtqNBMLG77R1wXcWZkzK1BjRgieYkr
- 2. Recomputed (your browser)
- computing…
- 3. On-chain (Solana memo)
- fetching…
Canonical bytes hashed (28796 chars)
{"actor":"system:backfill","investigation_id":"88d7a7e4-688d-4c7e-870d-f0684e56ca8b","kind":"publish","page_slug":"dogwifhat","published_at":"2026-06-01T03:12:51.475Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Dogwifhat (WIF)","sections":[{"content":"Dogwifhat (ticker: WIF) is a Solana-based memecoin whose imagery derives from a 2019 viral photograph of a Shiba Inu named Achi wearing a pink knitted beanie, originally posted by Fortnite streamer Issa. Issa has publicly stated no affiliation with the WIF token. The token was deployed on Solana on or around November 20, 2023, by anonymous developers who have never been identified. There is no whitepaper, roadmap, or promises of technological development. The token program on Solana lacks Mint_Authority or Freeze_Authority capabilities, meaning no additional supply can be created and holdings cannot be frozen by a central party. Total supply is fixed at approximately 998,926,392 WIF, with the entire supply in circulation from launch — there are no team allocations, vesting schedules, or locked reserves publicly documented. The project describes itself explicitly as a pure memecoin with no intrinsic utility.","heading":"Project Overview and Origins","severity":"medium","sources":[{"credibility":2,"name":"What is Dogwifhat (WIF)? The Solana Dog Meme Coin With a Hat — Decrypt","type":"news_article","url":"https://decrypt.co/resources/what-is-dogwifhat-wif-solana-dog-meme-coin"},{"credibility":2,"name":"Dogwifhat (WIF): Guide to the Viral Dog With Hat Meme Coin — CoinPaper","type":"news_article","url":"https://coinpaper.com/13437/dogwifhat-wif-guide-to-the-viral-dog-with-hat-meme-coin"},{"credibility":2,"name":"Dogwifhat sol (WIF) Tokenomics — MEXC","type":"official","url":"https://www.mexc.com/price/WIF/tokenomics"}]},{"content":"The creator or creators of WIF remain entirely anonymous. No individual or team has publicly claimed authorship of the token. Blockchain intelligence firm Arkham Intelligence identified pseudonymous Solana trader @onchainclown as a notable early participant who acquired approximately 2.6% of the total WIF supply shortly after deployment and later sold for an estimated profit of 9,140 SOL (roughly $880,000 at the time). Arkham's analysis has been cited in community sources as suggesting @onchainclown may be the creator, but this has not been independently confirmed and Arkham framed the finding as a trading analysis rather than a creator attribution. The absence of any named team means there is no accountable party for decisions affecting the token, no developer support structure, and no recourse channel for holders in a dispute. This structure is common among Solana memecoins but constitutes an elevated risk signal compared to projects with identified teams.","heading":"Anonymous Creator and Team Identity Risk","severity":"high","sources":[{"credibility":2,"name":"Arkham Intelligence: Solana Trader onchainclown 33,000% profit — TradingView / U.Today","type":"news_article","url":"https://www.tradingview.com/news/u_today:4877a945f094b:0-solana-trader-turns-in-33-000-profit-on-sol-with-dogwifhat-wif-epic-rally-details/"},{"credibility":2,"name":"What Is Dogwifhat (WIF) Meme Coin? — CoinSpeaker","type":"news_article","url":"https://www.coinspeaker.com/guides/what-is-dogwifhat-wif-meme-coin/"},{"credibility":2,"name":"What is Dogwifhat (WIF)? — Bitstamp","type":"news_article","url":"https://www.bitstamp.net/en-gb/learn/cryptocurrency-guide/what-is-dogwifhat-wif/"}]},{"content":"WIF was designed explicitly without utility. The project has no whitepaper, no roadmap, no staking mechanism, no governance DAO, and no protocol revenue. Value is derived entirely from speculative demand and community sentiment. Unlike many DeFi projects, WIF does not produce yield or confer rights to profits or assets of any enterprise. The SEC's Division of Corporation Finance issued a staff statement in February 2025 stating that typical meme coins of this character do not constitute securities under federal law, as they lack the elements of investment contracts; however, the statement also notes it does not protect tokens that use the meme coin label to evade securities laws. No specific regulatory action targeting WIF has been identified. Because the token's value is dependent entirely on social trends and speculative flows, holders have no fundamental floor and are exposed to rapid, severe drawdowns when market attention shifts.","heading":"No Intrinsic Utility or Governance","severity":"medium","sources":[{"credibility":1,"name":"SEC Staff Statement on Meme Coins — SEC.gov","type":"regulatory","url":"https://www.sec.gov/newsroom/speeches-statements/staff-statement-meme-coins"},{"credibility":1,"name":"SEC Staff Statement on Meme Coins: Implications — Harvard Law School Forum on Corporate Governance","type":"research","url":"https://corpgov.law.harvard.edu/2025/03/19/implications-of-the-secs-stance-that-meme-coins-are-not-securities/"},{"credibility":2,"name":"What is dogwifhat? — Bitstamp","type":"news_article","url":"https://www.bitstamp.net/en-gb/learn/cryptocurrency-guide/what-is-dogwifhat-wif/"}]},{"content":"WIF's entire supply was minted in a single wallet at genesis before distribution. On-chain data reported by Lookonchain and CoinDesk through 2024-2025 indicates meaningful whale concentration: the top 100 addresses have collectively held over 771 million WIF, representing approximately 77% of total supply. The single largest holder has at various points held more than 23 million WIF (approximately 2.3% of supply). Nansen data from mid-2025 identified approximately 2,657 wallets classified as whales (holding more than 10,000 WIF). Large coordinated sells by major holders can produce sharp price dislocations in a token with no fundamental value floor. Exchange balances as of mid-2025 were approximately 581 million WIF, representing over 58% of supply held on centralized exchanges, which creates additional liquidation risk if sentiment reverses. A single trader documented by web3isgoinggreat.com lost $5.7 million to slippage in a single memecoin trade involving WIF, illustrating the token's liquidity risk during high-volume movements.","heading":"Token Concentration and Whale Risk","severity":"high","sources":[{"credibility":2,"name":"WIF Holds Key Support as Whales Accumulate Over 39M Tokens — CoinDesk","type":"news_article","url":"https://www.coindesk.com/markets/2025/07/05/wif-holds-key-support-as-whales-accumulate-over-39m-tokens"},{"credibility":2,"name":"Largest dogwifhat Holder Accumulates More Coins — CryptoRank / Lookonchain","type":"on_chain","url":"https://cryptorank.io/news/feed/efa02-largest-dogwifhat-wif-holder-accumulates-more-coins-while-other-memecoin-whales-capitulate-lookonchain"},{"credibility":2,"name":"Trader loses $5.7 million to slippage in memecoin trade — web3isgoinggreat.com","type":"news_article","url":"https://www.web3isgoinggreat.com/?id=dogwifhat-slippage"}]},{"content":"In January 2024, five pseudonymous community figures — led by crypto influencer Ansem (Zion Thomas) and including handles GamesMaster.wif (Edward) and Mihir — launched a public crowdfunding campaign called 'Sphere Wif Hat' to raise $650,000 to display the WIF logo on the exterior of the Las Vegas Sphere for one week. The campaign exceeded its target by March 10, 2024, collecting approximately $702,000 in USDC, deposited into a transparent multi-signature Solana wallet. The price of WIF reached its all-time high of $4.83–$4.85 in the days following the fundraiser milestone. However, the advertisement was never executed. Nearly a full year passed with funds sitting untouched in the multisig. DL News reported in early 2025 that organizers had provided no documentation of any confirmed agreement with the Sphere's marketing team. A spokesperson for MSG Sphere/Las Vegas Sphere stated publicly that there had been no advertising agreement with Dogwifhat and expressed concern that the group was using the venue's name for alleged fraudulent purposes. The Sphere further confirmed it accepts cryptocurrency advertising only from exchanges and Bitcoin. A purported fashion partner withdrew following the Sphere's statement, citing concerns about SEC regulatory scrutiny. On March 31, 2025, organizer GamesMaster.wif announced the campaign was cancelled due to increasingly unreliable communication with an advertising agency intermediary. Refunds were announced to begin April 1, 2025, processed automatically for most contributors. The full $697,800 USDC remained in the multisig throughout the episode and was returned to contributors. No criminal charges or civil complaints have been identified in connection with this episode as of this writing.","heading":"Las Vegas Sphere Crowdfund: Failed Execution and Refunds","severity":"high","sources":[{"credibility":2,"name":"Dogwifhat Abandons Las Vegas Sphere Plans, Team to Refund Nearly $700K — Decrypt","type":"news_article","url":"https://decrypt.co/312720/dogwifhat-las-vegas-sphere-solana-meme-coin-refund-700k"},{"credibility":2,"name":"Outrage mounts as Dogwifhat influencers sit on $700,000 meant for Las Vegas Sphere stunt — DL News","type":"news_article","url":"https://www.dlnews.com/articles/people-culture/dogwifhat-influencers-sit-on-700k-meant-for-las-vegas-sphere/"},{"credibility":2,"name":"Las Vegas Sphere Denies Involvement with Dogwifhat — BeInCrypto","type":"news_article","url":"https://beincrypto.com/dogwifhat-vegas-sphere-false-claims/"},{"credibility":2,"name":"Dogwifhat claims 'no intent to mislead' in Vegas Sphere plan — CoinTelegraph","type":"news_article","url":"https://cointelegraph.com/news/dogwifhat-wif-responds-las-vegas-sphere-fan-plans-no-intent-to-mislead"},{"credibility":2,"name":"Dogwifhat hits record high following $700K Vegas Sphere fundraise — CoinTelegraph","type":"news_article","url":"https://cointelegraph.com/news/dogwifhat-price-hits-record-high-las-vegas-sphere-crowdfund"},{"credibility":2,"name":"Dogwifhat Las Vegas Sphere Fundraiser Starts Refunds — Bitcoinist","type":"news_article","url":"https://bitcoinist.com/no-sphere-wif-hat-in-las-vegas-dogwifhat-fundraiser-announces-start-of-refunds/"}]},{"content":"Crypto influencer Ansem (Zion Thomas), who organized the Las Vegas Sphere fundraiser, was a prominent promoter of WIF and is widely credited with amplifying its initial trajectory from a market cap of approximately $100,000 to over $4 billion. In October 2024, on-chain investigator ZachXBT publicly accused Ansem of facilitating memecoin pump-and-dump schemes, alleging he had shilled hundreds of low-capitalization coins, including BODEN, HOBBES, ZEUS, and WYNN, many of which subsequently declined more than 98% from their peaks. ZachXBT's allegations were reported by CoinTelegraph and Yahoo Finance. Ansem disputed the characterization, pointing to WIF's appreciation as evidence of community value creation rather than manipulation. The allegations against Ansem relate to his broader promotion activities and are not specific to WIF itself, where no coordinated exit dump by the promoters has been documented by credible on-chain analysis. These allegations are assessed as medium confidence given they originate from a well-regarded on-chain investigator but have not resulted in formal regulatory or legal proceedings.","heading":"Influencer Promotion and Pump-and-Dump Allegations","severity":"medium","sources":[{"credibility":2,"name":"Crypto Influencer Ansem Accused of Promoting Memecoin 'Pump and Dumps' by ZachXBT — Yahoo Finance / CoinTelegraph","type":"news_article","url":"https://finance.yahoo.com/news/crypto-influencer-ansem-accused-promoting-133112274.html"},{"credibility":2,"name":"Ansem: The Memecoin King — CoinDesk","type":"news_article","url":"https://www.coindesk.com/tech/2024/12/10/ansem-the-memecoin-king"}]},{"content":"WIF launched at a price of approximately $0.002 in November 2023 and reached an all-time high of $4.83–$4.85 on March 31, 2024, representing a gain of over 300,000% for earliest holders. The surge was driven by Binance listing WIF on March 5, 2024, community fundraiser publicity, and broad Solana memecoin enthusiasm during the 2024 bull cycle. The token's market capitalization reached approximately $4.8 billion at peak. By mid-2025, WIF had declined approximately 91% from its all-time high to around $0.43. As of mid-2026, WIF trades near $0.19 with a market capitalization of approximately $190–$214 million. The 24-hour trading volume as of May 2026 is approximately $45–$49 million, indicating continued market participation despite the severe drawdown from peak. This trajectory is typical of speculative memecoin cycles and does not by itself constitute evidence of fraud, though early investors who bought near the peak have sustained substantial losses.","heading":"Price Volatility and Market Performance","severity":"medium","sources":[{"credibility":2,"name":"Solana Meme Coin Dogwifhat WIF Hits New ATH — TradingView / NewsBTC","type":"news_article","url":"https://www.tradingview.com/news/newsbtc:29d772b0c094b:0-solana-meme-coin-dogwifhat-wif-hits-new-ath-market-cap-breaks-1-6-billion/"},{"credibility":2,"name":"dogwifhat price today, WIF to USD live price, marketcap and chart — CoinMarketCap","type":"other","url":"https://coinmarketcap.com/currencies/dogwifhat/"},{"credibility":2,"name":"Dogwifhat (WIF) Price USD Today — Coinbase","type":"other","url":"https://www.coinbase.com/price/dogwifhat"}]},{"content":"WIF achieved listings on major centralized exchanges including Binance (March 5, 2024), Coinbase (November 13, 2024), Kraken, and Bybit. These listings represent significant institutional market access for a memecoin. On Solana DEXes, WIF maintains liquidity pools on Raydium and is routable through Jupiter aggregator. Primary Raydium pool liquidity as of mid-2026 is reported at approximately $5 million for the main WIF/SOL pool. On March 7, 2026, Binance placed WIF under a monitoring tag, indicating the exchange considers it at higher risk than usual, citing concerns about trading volume and project stability. On April 21, 2026, Binance delisted the WIF/BTC trading pair, leaving WIF tradable via USDT-quoted pairs only on that exchange. This reduction in trading routes on Binance increases trading friction and reduces liquidity depth for BTC-denominated portfolios. WIF remains listed on Coinbase as of this writing.","heading":"Exchange Listings and Liquidity","severity":"medium","sources":[{"credibility":2,"name":"Binance Lists Dogwifhat (WIF) as Solana Meme Coin Market Cap Hits $500 Million — TradingView","type":"news_article","url":"https://www.tradingview.com/news/u_today:a4ceaf6c8094b:0-binance-lists-dogwifhat-wif-as-solana-meme-coin-market-cap-hits-500-million/"},{"credibility":2,"name":"Dogwifhat soars after Coinbase announces plans to list the memecoin — The Block","type":"news_article","url":"https://www.theblock.co/post/326388/dogwifhat-soars-after-coinbase-announces-plans-to-list-the-memecoin"},{"credibility":3,"name":"Dogwifhat (WIF) Hits Rock Bottom: Crash, Delisting Fears — Binance Square","type":"news_article","url":"https://www.binance.com/en/square/post/19565362277218"},{"credibility":2,"name":"Nine Cryptocurrencies at Risk of Delisting on Binance — U.Today via TradingView","type":"news_article","url":"https://www.tradingview.com/news/u_today:eb98faddc094b:0-nine-cryptocurrencies-at-risk-of-delisting-on-binance/"}]},{"content":"On November 14, 2024, the official Dogwifhat X (Twitter) account was hijacked by unknown parties who used it to promote several fraudulent Solana meme tokens: Popwifnut (POPWNUT), Muu (MUU), and DogWifDoge (WIFD). Web3 security firm Harpie confirmed the account compromise and warned followers not to engage with the promotional posts. Both POPWNUT and WIFD experienced rapid pump-and-dump cycles, declining more than 83% within hours of the promotion. The WIF token price itself declined approximately 12% in the 24 hours following the hack, partially attributable to concurrent Bitcoin market movements. The Dogwifhat community team regained access to the account and deleted the malicious posts. This incident is relevant as a security risk signal: the absence of an identified team means there is limited formal incident response capability, and the account's large following (used to promote scam tokens) represents ongoing impersonation and social engineering risk for the broader community.","heading":"Official X Account Compromise (November 2024)","severity":"medium","sources":[{"credibility":2,"name":"dogwifhat's X Account Hacked to Execute Malicious Crypto Activities — CoinSpeaker","type":"news_article","url":"https://www.coinspeaker.com/dogwifhat-x-account-hacked-execute-malicious-crypto-activities/"},{"credibility":2,"name":"Dogwifhat's X account hacked to promote meme coins: report — Crypto.news","type":"news_article","url":"https://crypto.news/dogwifhats-x-account-hacked-to-promote-meme-coins-report/"},{"credibility":3,"name":"Nov 2024 dogwifcoin (WIF) Twitter/X Phishing Attacks — Quadriga Initiative","type":"community_report","url":"https://quadrigainitiative.com/casestudy/dogwifcoinwiftwitterxphishingattacks.php"}]},{"content":"Despite the failed Las Vegas Sphere campaign and associated controversy, no criminal charges, civil complaints, SEC enforcement actions, CFTC actions, or DOJ investigations targeting Dogwifhat (WIF), its anonymous creators, or the Sphere campaign organizers have been identified in publicly available records as of this writing. The Sphere fundraiser funds were fully returned to contributors. The SEC's February 2025 staff statement explicitly stated that typical meme coins — including those with no utility, driven by community speculation — do not constitute securities under federal law. WIF appears to fall within that characterization. No rug-pull event (creator liquidation of a privileged token allocation) has been documented for WIF, as the token structure did not include team allocations at launch. The risks associated with WIF are assessed as inherent memecoin category risks (volatility, speculation, anonymous team) rather than evidence of intentional fraud.","heading":"Absence of Fraud or Securities Violations","severity":"low","sources":[{"credibility":1,"name":"SEC Staff Statement on Meme Coins — SEC.gov","type":"regulatory","url":"https://www.sec.gov/newsroom/speeches-statements/staff-statement-meme-coins"},{"credibility":2,"name":"Dogwifhat Abandons Las Vegas Sphere Plans, Team to Refund Nearly $700K — Decrypt","type":"news_article","url":"https://decrypt.co/312720/dogwifhat-las-vegas-sphere-solana-meme-coin-refund-700k"}]}],"sources_used":[{"credibility":1,"name":"SEC Staff Statement on Meme Coins — SEC.gov","type":"regulatory","url":"https://www.sec.gov/newsroom/speeches-statements/staff-statement-meme-coins"},{"credibility":1,"name":"Implications of the SEC's Stance that Meme Coins are not Securities — Harvard Law Forum","type":"research","url":"https://corpgov.law.harvard.edu/2025/03/19/implications-of-the-secs-stance-that-meme-coins-are-not-securities/"},{"credibility":2,"name":"Dogwifhat Abandons Las Vegas Sphere Plans, Team to Refund Nearly $700K — Decrypt","type":"news_article","url":"https://decrypt.co/312720/dogwifhat-las-vegas-sphere-solana-meme-coin-refund-700k"},{"credibility":2,"name":"What is Dogwifhat (WIF)? The Solana Dog Meme Coin With a Hat — Decrypt","type":"news_article","url":"https://decrypt.co/resources/what-is-dogwifhat-wif-solana-dog-meme-coin"},{"credibility":2,"name":"Outrage mounts as Dogwifhat influencers sit on $700,000 meant for Las Vegas Sphere stunt — DL News","type":"news_article","url":"https://www.dlnews.com/articles/people-culture/dogwifhat-influencers-sit-on-700k-meant-for-las-vegas-sphere/"},{"credibility":2,"name":"Dogwifhat hits record high following $700K Vegas Sphere fundraise — CoinTelegraph","type":"news_article","url":"https://cointelegraph.com/news/dogwifhat-price-hits-record-high-las-vegas-sphere-crowdfund"},{"credibility":2,"name":"Las Vegas Sphere Denies Involvement with Dogwifhat — BeInCrypto","type":"news_article","url":"https://beincrypto.com/dogwifhat-vegas-sphere-false-claims/"},{"credibility":2,"name":"Dogwifhat claims 'no intent to mislead' in Vegas Sphere plan — CoinTelegraph","type":"news_article","url":"https://cointelegraph.com/news/dogwifhat-wif-responds-las-vegas-sphere-fan-plans-no-intent-to-mislead"},{"credibility":2,"name":"Dogwifhat Las Vegas Sphere Fundraiser Starts Refunds — Bitcoinist","type":"news_article","url":"https://bitcoinist.com/no-sphere-wif-hat-in-las-vegas-dogwifhat-fundraiser-announces-start-of-refunds/"},{"credibility":2,"name":"Crypto Influencer Ansem Accused of Promoting Memecoin 'Pump and Dumps' by ZachXBT — Yahoo Finance","type":"news_article","url":"https://finance.yahoo.com/news/crypto-influencer-ansem-accused-promoting-133112274.html"},{"credibility":2,"name":"Ansem: The Memecoin King — CoinDesk","type":"news_article","url":"https://www.coindesk.com/tech/2024/12/10/ansem-the-memecoin-king"},{"credibility":2,"name":"dogwifhat's X Account Hacked to Execute Malicious Crypto Activities — CoinSpeaker","type":"news_article","url":"https://www.coinspeaker.com/dogwifhat-x-account-hacked-execute-malicious-crypto-activities/"},{"credibility":2,"name":"Dogwifhat's X account hacked to promote meme coins — Crypto.news","type":"news_article","url":"https://crypto.news/dogwifhats-x-account-hacked-to-promote-meme-coins-report/"},{"credibility":2,"name":"WIF Holds Key Support as Whales Accumulate Over 39M Tokens — CoinDesk","type":"news_article","url":"https://www.coindesk.com/markets/2025/07/05/wif-holds-key-support-as-whales-accumulate-over-39m-tokens"},{"credibility":2,"name":"Binance Lists Dogwifhat as Solana Meme Coin Market Cap Hits $500M — TradingView/U.Today","type":"news_article","url":"https://www.tradingview.com/news/u_today:a4ceaf6c8094b:0-binance-lists-dogwifhat-wif-as-solana-meme-coin-market-cap-hits-500-million/"},{"credibility":2,"name":"Dogwifhat soars after Coinbase announces plans to list the memecoin — The Block","type":"news_article","url":"https://www.theblock.co/post/326388/dogwifhat-soars-after-coinbase-announces-plans-to-list-the-memecoin"},{"credibility":2,"name":"Nine Cryptocurrencies at Risk of Delisting on Binance — TradingView/U.Today","type":"news_article","url":"https://www.tradingview.com/news/u_today:eb98faddc094b:0-nine-cryptocurrencies-at-risk-of-delisting-on-binance/"},{"credibility":2,"name":"Trader loses $5.7 million to slippage in memecoin trade — web3isgoinggreat.com","type":"news_article","url":"https://www.web3isgoinggreat.com/?id=dogwifhat-slippage"},{"credibility":2,"name":"Dogwifhat Becomes 4th-Largest Meme Coin as Community Completes Fundraising — CoinDesk","type":"news_article","url":"https://www.coindesk.com/markets/2024/03/13/dogwifhat-becomes-4th-largest-meme-coin-as-community-completes-fundraising-for-las-vegas-sphere-showing"},{"credibility":2,"name":"dogwifhat price today, WIF to USD live price — CoinMarketCap","type":"other","url":"https://coinmarketcap.com/currencies/dogwifhat/"},{"credibility":2,"name":"dogwifhat Price: WIF/USD Live Price Chart — CoinGecko","type":"other","url":"https://www.coingecko.com/en/coins/dogwifhat"},{"credibility":2,"name":"Dogwifhat sol (WIF) Tokenomics — MEXC","type":"official","url":"https://www.mexc.com/price/WIF/tokenomics"}],"summary":"Dogwifhat (WIF) is a Solana-based memecoin launched anonymously in November 2023, featuring a Shiba Inu dog wearing a pink knitted hat. It reached a peak market capitalization of approximately $4.8 billion in March 2024 before declining more than 90% from its all-time high by mid-2026. The project carries inherent memecoin risks — no utility, anonymous creators, speculative-only value — alongside a notable failed community fundraiser for a Las Vegas Sphere advertisement that raised nearly $700,000 but never executed, ultimately refunding donors in 2025.","timeline":[{"date":"2019-01-01","event":"Original 'dogwifhat' meme photograph of Shiba Inu Achi wearing a pink beanie circulates online, later attributed to Fortnite streamer Issa.","source":"Decrypt","source_url":"https://decrypt.co/resources/what-is-dogwifhat-wif-solana-dog-meme-coin"},{"date":"2023-11-20","event":"WIF token deployed on Solana by anonymous developer(s) with a fixed supply of approximately 998.9 million tokens. No whitepaper, roadmap, or team identity disclosed.","source":"CoinPaper / CoinSpeaker","source_url":"https://coinpaper.com/13437/dogwifhat-wif-guide-to-the-viral-dog-with-hat-meme-coin"},{"date":"2024-01-01","event":"Pseudonymous influencers including Ansem (Zion Thomas) publicly promote WIF; community fundraiser concept for Las Vegas Sphere advertisement begins taking shape.","source":"DL News","source_url":"https://www.dlnews.com/articles/people-culture/dogwifhat-influencers-sit-on-700k-meant-for-las-vegas-sphere/"},{"date":"2024-03-05","event":"Binance lists WIF for spot trading as WIF market capitalization crosses $500 million.","source":"TradingView / U.Today","source_url":"https://www.tradingview.com/news/u_today:a4ceaf6c8094b:0-binance-lists-dogwifhat-wif-as-solana-meme-coin-market-cap-hits-500-million/"},{"date":"2024-03-10","event":"'Sphere Wif Hat' crowdfunding campaign surpasses its $650,000 target, collecting approximately $702,000 USDC in a transparent multisig Solana wallet.","source":"CoinTelegraph","source_url":"https://cointelegraph.com/news/dogwifhat-price-hits-record-high-las-vegas-sphere-crowdfund"},{"date":"2024-03-13","event":"Dogwifhat named 4th-largest memecoin by market cap as community fundraiser completion drives momentum.","source":"CoinDesk","source_url":"https://www.coindesk.com/markets/2024/03/13/dogwifhat-becomes-4th-largest-meme-coin-as-community-completes-fundraising-for-las-vegas-sphere-showing"},{"date":"2024-03-31","event":"WIF reaches all-time high of approximately $4.83–$4.85, implying a market capitalization of approximately $4.8 billion.","source":"CoinMarketCap","source_url":"https://coinmarketcap.com/currencies/dogwifhat/"},{"date":"2024-10-05","event":"On-chain investigator ZachXBT publicly accuses Sphere campaign organizer Ansem of facilitating memecoin pump-and-dump schemes unrelated to WIF specifically.","source":"Yahoo Finance / CoinTelegraph","source_url":"https://finance.yahoo.com/news/crypto-influencer-ansem-accused-promoting-133112274.html"},{"date":"2024-11-13","event":"Coinbase lists WIF for spot trading.","source":"The Block","source_url":"https://www.theblock.co/post/326388/dogwifhat-soars-after-coinbase-announces-plans-to-list-the-memecoin"},{"date":"2024-11-14","event":"Official WIF X account is hijacked; attackers promote fraudulent meme tokens POPWNUT, MUU, and WIFD. Web3 security firm Harpie issues public warning. Team regains control and deletes posts.","source":"CoinSpeaker / Crypto.news","source_url":"https://www.coinspeaker.com/dogwifhat-x-account-hacked-execute-malicious-crypto-activities/"},{"date":"2025-02-01","event":"MSG Sphere / Las Vegas Sphere publicly states it never had an advertising agreement with Dogwifhat and expresses concern about alleged fraudulent use of its name.","source":"BeInCrypto","source_url":"https://beincrypto.com/dogwifhat-vegas-sphere-false-claims/"},{"date":"2025-02-27","event":"SEC Division of Corporation Finance releases staff statement concluding that typical meme coins do not constitute securities under federal law.","source":"SEC.gov","source_url":"https://www.sec.gov/newsroom/speeches-statements/staff-statement-meme-coins"},{"date":"2025-03-31","event":"Sphere campaign organizer GamesMaster.wif announces the Las Vegas Sphere campaign is cancelled after unreliable communication with advertising intermediary.","source":"Decrypt","source_url":"https://decrypt.co/312720/dogwifhat-las-vegas-sphere-solana-meme-coin-refund-700k"},{"date":"2025-04-01","event":"Refunds of $697,800 USDC begin processing to Sphere campaign contributors.","source":"Bitcoinist","source_url":"https://bitcoinist.com/no-sphere-wif-hat-in-las-vegas-dogwifhat-fundraiser-announces-start-of-refunds/"},{"date":"2026-03-07","event":"Binance places WIF under a monitoring tag, indicating elevated compliance and liquidity risk assessment.","source":"TradingView / U.Today","source_url":"https://www.tradingview.com/news/u_today:eb98faddc094b:0-nine-cryptocurrencies-at-risk-of-delisting-on-binance/"},{"date":"2026-04-21","event":"Binance delists the WIF/BTC spot trading pair, reducing direct trading routes and increasing liquidity fragmentation.","source":"Community reports / exchange announcements","source_url":"https://www.binance.com/en/square/post/19565362277218"}]},"v":1}