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Dogwifhat Las Vegas sphere project faces scrutiny as influencers in charge still hold $700k in donations

Author: Content Editor
Traders and users on social media are questioning the fundraising project to put the dogwifhat icon on the Las Vegas Sphere. Although the funds have exceeded the goal of $650,000, the icon has not yet appeared on the sphere. The donations, worth nearly $700,000 in USDC, are held in a frozen crypto wallet. Users on social media have expressed frustration and doubt about the project's progress and whether it will actually happen. The project's leader, known as Ansem, provided a humorous update in July 2024, but no further information has been given. Traders are growing concerned as the value of the dogwifhat coin has decreased by nearly 45% in the past month. The coin, launched on the Solana blockchain in November 2023, initially gained popularity and reached a market cap of $1 billion in just 81 days. However, its market cap now stands at around $1.5 billion.

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