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Dogwifhat Meme Coin Sparks Controversy Over Ties To Las Vegas Sphere

2 mins mins
Dogwifhat Meme Coin Sparks Controversy Over Ties To Las Vegas Sphere

Key Points:

  • The Las Vegas Sphere denied any agreement with Dogwifhat meme coin.
  • Organizers raised nearly $700,000 in March 2024 for a Sphere ad, boosting WIF’s value, but criticism grew as no campaign materialized.

The Las Vegas Sphere has denied any agreement to display Dogwifhat (WIF), a meme cryptocurrency on Solana, rejecting claims made by its supporters.

Read more: Solana Meme Coin Dogwifhat Is Now Available For Trading On Robinhood

Las Vegas Sphere Rejects Dogwifhat Meme Coin Display Claims

A spokesperson for the Sphere told Decrypt that there was never a deal in place and only a preliminary discussion had occurred early last year.

“There was and is no plan for Dogwifhat to appear on the Exosphere, and we are distressed they are using our name for fraudulent purposes,” the spokesperson stated.

Deleted Post Fuels Speculation on Crypto Marketing Tactics

The controversy stems from a March 2024 fundraising effort by Dogwifhat meme coin organizers, who collected nearly $700,000 from the token’s supporters in an attempt to secure ad space on the Sphere.

The campaign contributed to WIF reaching an all-time high of $4.83. However, as time passed with no visible progress, criticism mounted, and investors began demanding refunds.

Adding to the confusion, Dogwifhat meme coin’s official X account posted—and later deleted—a message claiming the deal was “officially confirmed.” The post featured an image of the meme dog on the Sphere’s LED display, hinting at a campaign launch in early 2025.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Avatar of Harold

Harold

01 February 2025, 01:36:00 GMT +0000

With a passion for untangling the complexities of the financial world, I’ve spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. “The financial markets are a fascinating puzzle,” I often say, “and I love helping people make sense of them.” That’s what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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