"Dogwifhat Plunges 10% as Vegas Sphere Denies Partnership"

Dogwifhat Price Decline Raises Questions About Validity of Vegas Sphere Partnership Claims

The price of Dogwifhat (WIF), a dog-themed Solana meme coin, has been on a downward trend since November 2023. Although there have been periodic interruptions, the overall decline has been inexorable. Today, new reports denying any partnership between Dogwifhat and the Vegas Sphere caused the meme coin's price to plunge nearly 10%.

In an interview, a Vegas Sphere representative claimed, "We have never had a deal with Dogwifhat, and our agency at the time only had one very preliminary conversation 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."

Initially, it may seem strange that the Vegas Sphere has such an impact on Dogwifhat's price. However, a crowdfunding campaign from early 2024 promised that WIF would appear on the Sphere and raised over $700,000. Earlier this week, developers teased a Sphere launch, saying they would post dates "as soon as we are allowed to share."

It appears this was a complete fabrication. Earlier in the week, WIF surged 34% after the Vegas Sphere tease but quickly dropped when the deal never materialized. Now that the Sphere has accused WIF developers of misinformation, these price wobbles turned into an immediate 10% drop.

The meme coin's team, for its part, has fervently denied any foul play. In a recent social media post, it claimed that Dogwifhat organizers have been in "ongoing negotiations" with Vegas Sphere representatives. They claim to have acted through an intermediary since they don't have a formal corporate structure. They also promised to refund the $700,000 crowdfunded assets if the deal falls through.

However, if the Dogwifhat team made up a story about the Vegas Sphere to hype up their own meme coin, it would be far from the worst scam in today's crypto industry. Appalling meme coin schemes have risen dramatically since Trump launched his own token, bringing in huge numbers of complete