- Dogwifat (WIF) worth fell 11% on the day as prime meme cash struggled.
- The POPCAT token additionally fell, dropping 20% in 24 hours.
- Whales dumped each WIF and POPCAT tokens at a loss.
Dogwifat ($WIF) and Popcat (POPCAT) are down double digits previously 24 hours as your entire meme coin market has skilled important declines.
Dogwifat falls 11% on meme coin slip
WIF, one of many tokens driving the rise of meme tokens on the Solana community, fell 11% in 24 hours on Could 18th.
Dogwifat's worth has fallen by 17% over the previous week. WIF is at the moment buying and selling at $2.56.
By comparability, prime meme cash Dogecoin, Shiba Inu, Pepe, and Floki have all been within the inexperienced over the previous seven days, regardless of capping their features in 24 hours. Nonetheless, these tokens have been within the pink over the previous 24 hours.
Popcat (POPCAT) falls 20% in 24 hours
Just like Dogwifthat, one other meme token that has seen double-digit losses over the previous day and week is Popcat. The Solana web meme token has fallen 20% previously 24 hours, bringing the weekly loss to 14%.
If the bears tighten their grip on the memecoin market, it can probably result in additional worth strain as Popcat has no inherent worth.
The token was buying and selling round $0.3, down greater than 48% since hitting an all-time excessive of over $0.71 on Could 4.
Whale dump WIF and POPCAT
As famous by Lookonchain, on-chain information exhibits that the whale dumped WIF and POPCAT at a loss simply days after forking out the meme tokens.
The whale bought $2.18 million price of WIF and purchased 732,481 WIF tokens at a worth of $2.98 3 days in the past. Based on the information, this large meme proprietor scooped up 716,344 of his POPCATs for $0.50, totaling $361,000.
At the moment, Whale dumped 732,481 WIF for $1.85 million and 716,344 $POPCAT for $281,000. This resulted in a lack of $336,000 for Dogwifhat and $80,000 for POPCAT.
