From Nasdaq:

A viral video of the Charging Bull statue wearing a knitted hat caused a social media frenzy and led to a surge of the memecoin Dogwifhat, rising 17% to around $0.25. The event saw people taking pictures with the hat-wearing bull and brought attention to the memecoin as a potential long-term rival to Dogecoin and Shiba Inu.
The news prompted Dogwifhat to surge 25% and the event has been viewed as another sign of cryptocurrency culture seeping into the mainstream, with memecoins at the forefront. Additionally, a Twitch streamer and Fortnite player claimed to be the originator of the “Dogwifhat” meme and announced the launch of the REAL $dogwifhat on Ethereum, with a current market cap of $10 million after reaching a high of $30 million.
The publicity stunt caught the attention of industry commentators and led to lively discussions on social media, with some finding the marketing campaign impressive and others acknowledging its potential impact on the traditional finance world. The hat-wearing bull managed to bring attention not only to the viral event but to the memecoin itself, causing a significant increase in its trading volume and value.



Read more: ‘Yes This Is Real’: Videos Of Wall Street Bull ‘Wif Hat’ Go Viral, ‘Dogecoin Killer’ $WIF Up 17%