On November 25, 2024, Robinhood Crypto announced the addition of Dogwifhat (WIF), a Solana-based meme coin, to its trading platform, marking a significant expansion of its meme coin offerings.

This listing allows millions of users to trade WIF, enhancing its accessibility and potentially increasing its market presence.

Following the announcement, WIF's price surged by over 7%, initially reaching $3.57 before stabilizing around $3.35, reflecting a strong market reaction.

With a market capitalization exceeding $3.28 billion, Dogwifhat has emerged as one of the top meme coin success stories of 2024.

As of the announcement, WIF has over 202,000 holders, with a recent trend indicating more buyers than sellers, showcasing growing investor interest.

The trading volume for WIF has sharply increased, signaling heightened interest from both retail and institutional investors.

The On-Balance Volume (OBV) indicates sustained buying pressure, supporting the recent price increase of WIF.

Optimism surrounds WIF's potential, with traders speculating that it could become a $10 billion meme coin, while others are looking towards emerging options like $PEPU for higher returns.

Technical analysis suggests that if WIF confirms a breakout, its price could rise above $10, with potential targets stretching up to $18 in the midterm.

Traders view the Robinhood listing as a significant achievement for meme coins, with expectations that the meme coin supercycle could extend longer than anticipated.

This addition follows the recent listing of another meme coin, Pepe, indicating a trend of increased meme coin offerings on the platform.

Robinhood's cautious approach to crypto offerings over the past two years has shifted, reflecting a broader strategy to engage with the growing meme coin market.