- Dogwifhat (WIF) tag became down 11% on the day as top meme coins struggled.
- The Popcat (POPCAT) token also traded decrease, falling by 20% in 24 hours.
- A whale has dumped each WIF and POPCAT tokens at a loss.
Dogwifhat ($WIF) and Popcat (POPCAT) are down double-digits within the previous 24 hours as the total meme coins market experiences a serious promote-off.
Dogwifhat sheds 11% amid meme coin rush
WIF, one the tokens to catayse the upward thrust of meme tokens on the Solana community, became down 11% in 24 hours on May perchance seemingly 18.
Dogwifhat tag has declined by 17% within the previous week. WIF within the meantime trades at $2.56.
Comparatively, top meme coins Dogecoin, Shiba Inu, Pepe and Floki are all green within the last seven days despite shedding gains within the 24-hour duration. These tokens are on the other hand within the crimson within the previous 24 hours.
Popcat (POPCAT) down 20% in 24 hours
As effectively as Dogwifthat, one more meme token losing by double-digits within the day gone by and week is Popcat. The Solana net meme token is down 20% over the previous 24 hours to appear for weekly loses hit 14%.
Popcat’s lack of inherent cost is seemingly to contribute to further tag pressures if bears intensify their alter 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 May perchance seemingly 4.
Whale dumps WIF and POPCAT
As significant by Lookonchain, onchain files exhibits a whale has dumped WIF and POPCAT at a loss real days after splashing on the meme tokens.
The whale bought $2.18 million price of WIF, procuring 732,481 WIF tokens at the associated rate of $2.98 three days ago. Facts also exhibits the big meme holder scooped 716,344 POPCAT at $0.5 for a complete of $361,000.
These days, 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.
