dogwifhat (WIF)
Solana's top dog meme with fully diluted supply and $200M market cap; pure meme energy with no utility, revenue, or roadmap.
Ranked 199th of 251 rated tokens. Scoring pass 11 Jun 2026.
What the numbers say
WIF scores 88 of 250 across the 25-variable framework, which places it 199th of 251 rated tokens and inside the bottom quartile of the set. The framework verdict is PASS.
WIF is a top-10 name in the set on 3 variables. The score rests on Circulating / FDV Ratio 10/10, 1st of 251, Vesting Schedule 9/10, 8th of 251, Supply Inflation 8/10, 8th of 251 and Social Mindshare 7/10, 11th of 251.
Against the same universe, WIF sits in the bottom third on Treasury Runway 1/10, 245th of 251, Developer Activity 1/10, 244th of 251, Team Execution 1/10, 244th of 251 and Institutional Adoption 1/10, 238th of 251. These are the variables that would have to move for the verdict to change.
100% of eventual supply is already circulating, so vesting is not a live risk for WIF. Price has to be justified by demand rather than absorbed against a cliff.
WIF trades 97.1% below its all-time high of $4.83. Recovering that level is a 34.5x move, not a 97.1% one, which is the arithmetic most drawdown charts hide.
The framework score gained 23 points against the previous pass (65 to 88). Revisions of this size follow a change in the underlying variables, not a change in price.
25-variable breakdown
Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.
Cash flow
| Protocol Revenue | 1 | 221st of 251 | |
| Revenue Trend | 1 | 231st of 251 | |
| P/S Multiple | 1 | 234th of 251 | |
| Real Staking Yield | 1 | 226th of 251 |
Supply
| Supply Inflation | 8 | 8th of 251 | |
| Vesting Schedule | 9 | 8th of 251 | |
| Circulating / FDV Ratio | 10 | 1st of 251 | |
| Buyback and Burn | 1 | 205th of 251 |
Ownership
| Smart Money Flows | 3 | 149th of 251 | |
| Insider Selling | 5 | 42nd of 251 | |
| Holder Concentration | 4 | 58th of 251 |
Traction
| TVL Trend | 1 | 229th of 251 | |
| Active Users | 4 | 91st of 251 | |
| Developer Activity | 1 | 244th of 251 | |
| Network Growth | 2 | 215th of 251 |
Position
| Market Share | 5 | 52nd of 251 | |
| Competitive Moat | 2 | 223rd of 251 | |
| Institutional Adoption | 1 | 238th of 251 | |
| Exchange Depth | 6 | 37th of 251 | |
| Social Mindshare | 7 | 11th of 251 |
Risk
| Regulatory Safety | 6 | 52nd of 251 | |
| Catalyst Calendar | 2 | 222nd of 251 | |
| BTC Alpha Potential | 5 | 13th of 251 | |
| Team Execution | 1 | 244th of 251 | |
| Treasury Runway | 1 | 245th of 251 |
The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.
Catalyst and risk
Next catalyst
Solana meme season; WIF cultural staying power as top-tier Solana native meme coin
Principal risk
95% below ATH with no fundamental floor; zero utility, revenue, or burn; meme cycles short; fully diluted supply means no open upside
Market and supply
| Price | $0.1401 |
| Market cap | $140.0Mrank 201 |
| All-time high | $4.8331 Mar 2024 |
| Circulating supply | 998,926,392 |
| Eventual supply (max supply) | 998,926,392 |
| Dilution to full supply | 1x |
| Listed on | Binance, OKX, Bybit, Jupiter DEX |
Price, market cap, supply and all-time high from CoinGecko, fetched 6 Aug 2026. The 25 scores come from the research pass dated 11 Jun 2026 and don't move with price.
Tokens with a similar profile
These are the closest matches to WIF measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.
Sources
- [CoinGecko] dogwifhat (WIF) reached $4.85 ATH in March 2024 and briefly held top 15 by market cap
- [CoinMarketCap] WIF has 100% of total supply in circulation with no team allocation or vesting schedule
- [The Block] WIF community funded a $700K Las Vegas Sphere advertisement in March 2024
Common questions
- What is the Early Thunder score for dogwifhat (WIF)?
- WIF scores 88 out of 250 on the 25-variable framework, ranking 199th of 251 rated tokens (bottom quartile). The framework verdict is PASS.
- What are WIF's strongest fundamentals?
- WIF ranks highest on Circulating / FDV Ratio 10/10, 1st of 251, Vesting Schedule 9/10, 8th of 251, Supply Inflation 8/10, 8th of 251 and Social Mindshare 7/10, 11th of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- What are the weakest parts of the WIF thesis?
- WIF scores in the bottom third of the universe on Treasury Runway 1/10, 245th of 251, Developer Activity 1/10, 244th of 251, Team Execution 1/10, 244th of 251 and Institutional Adoption 1/10, 238th of 251. The single risk carried on the scorecard is: 95% below ATH with no fundamental floor; zero utility, revenue, or burn; meme cycles short; fully diluted supply means no open upside
- How much WIF supply is still to enter circulation?
- 100% of eventual WIF supply is circulating today, leaving 1x the current float still to arrive. At a flat price per token that is 0% of fully diluted value ahead of current holders.
- How far is WIF from its all-time high?
- WIF trades 97.1% below its all-time high of $4.83. Returning to that high requires a 34.5x move from the level used in this scoring pass.
- Which tokens have a similar profile to WIF?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to WIF are ORDI (96), POPCAT (73), NEIRO (56) and NOT (73). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What is the next catalyst for WIF?
- Solana meme season; WIF cultural staying power as top-tier Solana native meme coin
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.