WIF had been trading at $1.52 before the announcement, and the price quickly jumped by more than 25%. It was trading recently at $1.80, a 5.61% gain over the past 24 hours. FLOKI, in contrast, dropped by 5.1% and WEN, MAGA, BITCOIN and CUMMIES all fell by more than 10%. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, is up by 5.08% in the same period following bitcoin’s (BTC) surge to $68,500 on Monday.
