Overview
Catwifhat (CWIF) is a Solana-based memecoin that takes the viral dogwifhat (WIF) meme — a dog wearing a knitted hat — and replaces the dog with a cat. This "catwifhat" derivative represents the ultimate in memecoin derivation: a token whose entire value proposition is modifying another memecoin's animal. The token launched during the Solana memecoin boom and attracted some initial attention from WIF community members and cat enthusiasts.
Community
CWIF's community is a subset of the broader Solana memecoin community, with some overlap from dogwifhat holders who found the cat variant amusing. Community engagement is minimal — social media accounts show low activity and declining interest. The derivative nature means CWIF competes directly with the original WIF for attention and always loses, as derivatives rarely outperform originals in memecoin markets.
Liquidity
Liquidity is negligible. The token trades on Solana DEXs (Raydium, Jupiter) with minimal pool depth. Daily volume is typically in the hundreds of dollars. The Solana ecosystem's focus on new memecoin launches means attention quickly moves to the next fresh token, leaving derivatives like CWIF with rapidly evaporating liquidity.
On-Chain Metrics
On-chain metrics are poor. Low and declining holder count, minimal transfer activity, and no composability with Solana DeFi protocols. The token saw a brief spike of activity at launch that quickly dissipated. Current on-chain presence is effectively dormant.
Development
No development activity beyond the initial token deployment. No product, no roadmap, no technical innovation. The "development" consisted entirely of deploying a token contract and creating social media accounts. This is standard for derivative memecoins.
Risk Factors
- Derivative of a derivative: No original value — entirely dependent on WIF's cultural relevance
- Near-zero liquidity: Effectively untradeable at meaningful size
- Rapid attention decay: Solana memecoin cycle moves on quickly
- No development: Zero technical effort beyond deployment
- Rug risk: Anonymous team with concentrated token holdings
Conclusion
Catwifhat is a derivative memecoin that demonstrates how memetic templates get replicated across the crypto ecosystem. The 1.2 score reflects minimal community presence while acknowledging the total absence of utility, development, and liquidity. As a derivative of dogwifhat, CWIF captures none of the original's energy.