- The worth of Dogecoin (WIF) dropped 11% on the day as prime meme cash struggled.
- The POPCAT token can also be buying and selling decrease, falling 20% in 24 hours.
- A whale has bought each WIF and POPCAT tokens at a loss.
Dogwifhat ($WIF) and Popcat ($POPCAT) are down by double digits within the final 24 hours as the general meme cash market is experiencing a heavy selloff.
Dogecoin falls 11% amid meme coin slip
WIF, for one token Accelerate the rise of meme tokens On the Solana community, there was an 11% drop in 24 hours on Might 18.
The worth of Dogecoin has fallen by 17% within the final week. WIF is at present buying and selling at $2.56.
By comparability, prime meme cash Dogecoin, Shiba Inu, Pepe and Floki are inexperienced over the previous seven days regardless of shedding positive aspects over the 24-hour interval. Nevertheless these tokens are within the pink within the final 24 hours.
POPCAT down 20% in 24 hours
Together with DogifThat, one other meme token to lose double digits over the previous day and week is PopCat. The Solana web meme token is down 20% within the final 24 hours bringing the weekly loss to 14%.
The dearth of underlying worth of Popcat is prone to put additional strain on costs if bears enhance their management over the meme coin market.
The token has fallen greater than 48% to round $0.3 since hitting an all-time excessive of $0.71 on Might 4.
Whale dumped WIF and POPCAT
As famous by LookOnChain, onchain knowledge shows A whale has dumped WIF and POPCAT into losses simply days after forking out on the meme token.
Whales bought $2.18 million value of WIF, buying 732,481 WIF tokens at a worth of $2.98 three days in the past. The information additionally reveals that enormous meme holders acquired 716,344 POPCAT at $0.5 for a complete of $361,000.
At this time, whales bought 732,481 WIF for $1.85 million and 716,344 $POPCAT for $281,000. This resulted in a lack of $336,000 on DogWiFiat and $80,000 on POPCAT.
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