- Dogwifhat (WIF) value dropped 11% on a day as prime meme cash battled.
- The Popcat token (POPCAT) additionally traded decrease, falling 20% in 24 hours.
- Keith misplaced his WIF and POPCAT tokens.
Dogwifhat ($WIF) and Popcat (POPCAT) are down by double digits previously 24 hours as the general meme market is experiencing a big selloff.
Dogwifhat is down 11% amid falling meme cash
WIF, one of many tokens that fueled the rise of meme tokens on the Solana community, dropped 11% in 24 hours on Could 18.
During the last week, Dogwifhat’s worth has dropped by 17%. WIF is at the moment buying and selling at $2.56.
As compared, the highest meme cash Dogecoin, Shiba Inu, Pepe and Floki have all turned inexperienced within the final seven days, regardless of a drop in development over the 24-hour interval. Nonetheless, these tokens have been within the pink for the previous 24 hours.
Popcat (POPCAT) is down 20% in 24 hours
Apart from Dogwifthat, one other meme token that has misplaced double digits over the previous day and week is Popcat. Web meme token Solana has dropped 20% within the final 24 hours, with weekly losses reaching 14%.
Popcat’s lack of intrinsic worth is prone to contribute to additional value stress as bears tighten their grip on the meme market.
The token modified arms round $0.3, down greater than 48% since hitting an all-time excessive above $0.71 on Could 4.
Keith drops WIF and POPCAT
As Lookonchain factors out, onchain knowledge exhibits that the whale misplaced WIF and POPCAT only a few days after being on meme tokens.
Three days in the past, Keith purchased $2.18 million value of WIF, shopping for 732,481 WIF tokens at $2.98. The info additionally exhibits that the large meme proprietor took 716,344 POPCATs at $0.5 for a complete of $361,000.
Immediately the whale dropped 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.
