The cryptocurrency sector is experiencing a surge in meme coin activity, with Dogwifhat (CRYPTO: WIF) witnessing a significant increase in short liquidations. What Happened: Dogwifhat, a meme coin based on the Solana (SOL) blockchain, has seen a substantial rise in its price. The token, which features a Shiba Inu dog wearing a pink knitted cap, has experienced a surge in value, reaching $3.97 and marking a 29.74% increase in the last 24 hours, according to CoinGlass. This surge in value has led to a notable increase in short liquidations, totaling more than $319.48K. This is a significant cont…