"Dogwifhat's Las Vegas Sphere Deal: A Meme Coin's Big Bluff"

Solana Meme Coin Dogwifhat's Las Vegas Sphere Deal Denied

The popular Solana meme coin, Dogwifhat (WIF), has been the subject of speculation regarding a potential advertising deal with the Las Vegas Sphere. However, a spokesperson for the venue has confirmed that no such deal exists, and there never was one.

In a statement to Decrypt, a Sphere spokesperson said, "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."

This revelation comes just two days after the Dogwifhat team hinted via a post on X that the dog would soon appear on the Las Vegas Sphere. The team behind the Solana meme coin had previously raised nearly $700,000 from WIF fans to put Dogwifhat on the Las Vegas Sphere back in March 2024. This funding helped the token reach its all-time high of $4.83.

However, as months passed without any clear progress towards the goal, criticism around the possible marketing campaign grew, with many asking for refunds. More than nine months after raising the funds, the official Dogwifhat X account posted "Officially confirmed. Viva hat vegas," only to delete the post and repost the artwork without the "officially confirmed" line.

The artwork depicted the coin's dog mascot holding a phone displaying "Q1 2025," possibly hinting at when the advertisement would purportedly happen. This post caused WIF to spike 34.7% over a four-hour period, according to CoinGecko, to a price of $1.34. It has since settled to $1.30.

Following the X post, $697,811 was sent from the WIF Sphere multi-sig wallet to a new, unnamed wallet. These funds still sit in the wallet. On-chain data shows that a small amount of USDC was sent to a Coinbase wallet from the unnamed wallet an hour before the large transaction.

Despite these developments, a Sphere spokesperson denied any formal deal being