Online traders are examining the fundraising project undertaken to raise $650,000 to place the dogwifhat token on the Las Vegas Sphere due to inactivity. The money has exceeded the target, but the dog in the pink hat has not yet appeared on the ball.
On the social media platform Meanwhile, donations amount to nearly $700,000 in coins (US dollars) remains frozen in a cryptocurrency wallet maintained by a team of influencers.
One At the time of writing, the dog (WIF) which features a Shiba Inu dog wearing a pink hat, has not yet appeared in the Las Vegas Sphere.
"Jokes aside — what the fuck? Do people not care about this? No petition for refunds, nothing? At least the farm that has this capital on it has been sitting there idly for about a year," Schwall said in a recent X report. mail. Many users began to express their doubts in the comments section about whether the project will become a reality.
Another user said: “Yes definitely weird, and Ansem saying something like ‘it was hard so I stopped trying’ made me laugh out loud).
The Las Vegas Ball is 366 feet high and 516 feet wide, and straddles Sands Boulevard, just off the Las Vegas Strip and east of the Venetian Resort. It is known to display many different emojis and advertisements on what the website claims is the “world’s largest LED screen.”
In January 2024, a group of five cryptocurrency influencers led by Zion Thomas, known in cryptocurrency spaces under the pseudonym Ansem, launched a fundraising campaign to place a dogwifhat icon in the Las Vegas Sphere. By March 2024, the group had raised enough money to pay the $650,000 fee needed to put Solana in place. Same angle Icon on the domain for a whole week.
However, weeks after the campaign surpassed its goal, updates began to slow and donors began to question the project's viability. The last update Ansem gave was in July 2024, when he joked about the campaign failing to put a dogwifhat on the ball due to a bluescreen bug.
"Damn, I can't believe this happened the day we put wif on the ball," he wrote in his message. mail.
It is still unknown if the group intends to implement the project, but traders are starting to feel nervous with the Dojoyvat coin falling by almost 45% in the past month, according to Data From crypto.news. Last week, the value of the meme currency fell by more than 18%.
Launched in November 2023 aboard the ship Solana (Sol) blockchain, dogwifhat is a meme coin based on a viral image of a dog wearing a pink crochet hat. It gained popularity among traders, reaching $1 billion in market capitalization just 81 days after its launch. Now, the memecoin's market cap is around $1.5 billion.
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