Dogwifhat (WIF) is a Solana-based meme coin featuring a Shiba Inu wearing a pink knitted hat.
It has inspired a number of WIF community memes with the dog wearing all types of hats
It is a community-driven token and has no utility beyond being a meme coin made for fun and entertainment.
Like all memecoins, its value depends on community sentiment, which makes it very volatile in price.