Memecoins on the Solana blockchain saw notable gains on Thursday following the Federal Reserve’s interest rate cut. Among the standout performers was Dogwifhat ($WIF), which surged by 6.55%, securing its place as one of the top-performing memecoins. The token boasted a trading volume of $424 million, drawing significant attention from traders. In a major move, the largest holder of $WIF borrowed 4.5 million $USDC from Kamino and used it to purchase an additional 2.55 million $WIF at a price of $1.76 per token just five hours ago. This brings the whale’s total holdings to 31.2 million $WIF, currently valued at
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