Assessing how WIF’s price took a hit after Las Vegas Sphere plans fell through – BitRss

• WIF’s price fell after Sphere denied any advertising deal, sparking transparency concerns
• Bitcoin’s market influence and whale accumulation could shape WIF’s volatile price action

Memecoins are no strangers to hype-driven marketing, with Dogwifhat (WIF) recently leaning into it too. However, what started as an ambitious crowdfunding campaign to showcase WIF on the Las Vegas Sphere has turned into a controversy, one that has shaken investor confidence.

Dogwifhat’s Las Vegas Sphere campaign

The Dogwifhat (WIF) community launched a crowdfunding initiative in early 2024, raising nearly $700,000 to display the token’s logo on the Las Vegas Sphere. This marketing push initially drove excitement and pushed WIF’s price to an all-time high of $4.83 in March 2024.

Community doubts and official denial

As months passed without confirmation from Sphere’s management, …