- Dogwifhat (WIF) value was down 11% on the day as high meme cash struggled.
- The Popcat (POPCAT) token additionally 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 up to now 24 hours as the general meme cash market experiences a big sell-off.
Dogwifhat sheds 11% amid meme coin slip
WIF, one the tokens to catayse the rise of meme tokens on the Solana community, was down 11% in 24 hours on Might 18.
Dogwifhat value has declined by 17% up to now week. WIF presently trades at $2.56.
Comparatively, high meme cash Dogecoin, Shiba Inu, Pepe and Floki are all inexperienced within the final seven days regardless of shedding good points within the 24-hour interval. These tokens are nonetheless within the pink up to now 24 hours.
Popcat (POPCAT) down 20% in 24 hours
In addition to Dogwifthat, one other meme token dropping by double-digits up to now day and week is Popcat. The Solana web meme token is down 20% over the past 24 hours to see weekly loses hit 14%.
Popcat’s lack of inherent worth is more likely to contribute to additional value pressures if bears intensify their management within the meme coin market.
The token modified arms round $0.3, down greater than 48% since hitting an all-time excessive above $0.71 on Might 4.
Whale dumps WIF and POPCAT
As famous by Lookonchain, onchain knowledge reveals a whale has dumped WIF and POPCAT at a loss simply days after splashing on the meme tokens.
The whale purchased $2.18 million value of WIF, buying 732,481 WIF tokens on the value of $2.98 three days in the past. Information additionally reveals the massive meme holder scooped 716,344 POPCAT at $0.5 for a complete of $361,000.
Right now, 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.