dogwifhat
WIF
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Dogwifhat (WIF) is a prominent Solana-based memecoin characterized by strong market presence, tier-1 exchange liquidity (Binance, Coinbase, Robinhood, Kraken), and a fully circulating, fixed supply of approximately 998.9 million tokens with revoked mint and freeze authorities. A March 2024 smart contract audit by Quantstamp reported zero vulnerabilities, and no exploits, security breaches, or regulatory actions have occurred. However, the asset possesses significant fundamental weaknesses: active development is essentially nonexistent (no roadmap, GitHub commits, or protocol updates), utility is absent beyond speculative trading, and the team remains anonymous with governance lacking entirely. While the token maintains an active speculative community and substantial liquidity, its valuation has suffered a >95% drawdown from all-time highs and carries concentration risk from early distribution.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About dogwifhat (WIF)
dogwifhat (WIF) is a Solana-based memecoin launched in November 2023. Functioning as a standard SPL token, WIF does not feature native protocol utility, staking mechanisms, or revenue-accrual systems. Its value is driven primarily by community sentiment, cultural relevance, and speculative market activity. The token operates with a fixed total supply of approximately 998.9 million tokens, essentially all of which are in circulation, and its mint and freeze authorities have been revoked.
The project maintains no formal development roadmap, active GitHub repository development, or smart contract changes, outside of minimal infrastructure participation such as a July 2025 validator partnership. The founding team remains anonymous, and there is no decentralized autonomous organization (DAO), formal governance forum, or on-chain voting structure. Instead, the community coordinates informally across social media platforms. WIF is listed on major cryptocurrency exchanges, including Binance, Coinbase, Kraken, and Robinhood.
From a security perspective, a March 2024 smart contract audit conducted by Quantstamp reported zero findings across all severity tiers, and the protocol has experienced no recorded hacks, smart contract exploits, or regulatory enforcement actions. However, the asset has experienced significant market volatility, suffering an unrecovered price drawdown of more than 95% from its March 2024 peak market capitalization of approximately $4.6 billion. Additionally, the project presents centralization risks stemming from early presale distribution, where 29 wallets held approximately 18% of the total token supply.