- Dogwifhat (WIF) brand modified into down 11% on the day as top meme cash struggled.
- The Popcat (POPCAT) token furthermore traded decrease, falling by 20% in 24 hours.
- A whale has dumped both WIF and POPCAT tokens at a loss.
Dogwifhat ($WIF) and Popcat (POPCAT) are down double-digits within the previous 24 hours because the total meme cash market experiences a critical sell-off.
Dogwifhat sheds 11% amid meme coin plug
WIF, one the tokens to catayse the upward push of meme tokens on the Solana network, modified into down 11% in 24 hours on Would possibly perhaps well 18.
Dogwifhat brand has declined by 17% within the previous week. WIF for the time being trades at $2.56.
Comparatively, top meme cash Dogecoin, Shiba Inu, Pepe and Floki are all inexperienced within the finest seven days despite shedding beneficial properties within the 24-hour interval. These tokens are nonetheless within the crimson within the previous 24 hours.
Popcat (POPCAT) down 20% in 24 hours
As neatly as Dogwifthat, any other meme token shedding by double-digits within yesterday and week is Popcat. The Solana data superhighway meme token is down 20% over the finest 24 hours to realizing weekly loses hit 14%.
Popcat’s lack of inherent brand is vulnerable to make contributions to extra brand pressures if bears intensify their handle watch over within the meme coin market.
The token modified fingers around $0.3, down more than 48% since hitting an all-time high above $0.71 on Would possibly perhaps well 4.
Whale dumps WIF and POPCAT
As illustrious by Lookonchain, onchain data reveals a whale has dumped WIF and POPCAT at a loss superb days after splashing on the meme tokens.
The whale sold $2.18 million worth of WIF, acquiring 732,481 WIF tokens at the worth of $2.98 three days within the past. Recordsdata furthermore reveals the immense meme holder scooped 716,344 POPCAT at $0.5 for a filled with $361,000.
This day, the whale dumped 732,481 WIF for $1.85 million and 716,344 $POPCAT for $281,000. This resulted in losses of $336,000 on Dogwifhat and $80,000 on POPCAT.
