- The worth of Dogwifhat (WIF) was down 11% on the day as the highest meme cash clashed.
- The Popcat token (POPCAT) additionally traded decrease, down 20% in 24 hours.
- The whale dumped 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 coin market is experiencing a major selloff.
Dogwifhat drops 11% on the meme coin slide
WIF, one of many tokens catalyzing the rise of meme tokens on the Solana community, dropped 11% in 24 hours on Could 18th.
The worth of dogwifhat has dropped by 17% within the final week. WIF is presently buying and selling at $2.56.
As compared, the highest meme cash Dogecoin, Shiba Inu, Pepe and Floki are inexperienced within the final seven days, though they’re declining in 24 hours. Nevertheless, these tokens have been within the crimson for the previous 24 hours.
Popcat (POPCAT) down 20% in 24 hours
Like 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, bringing weekly losses to 14%.
Popcat's lack of intrinsic worth is probably going so as to add to additional worth pressures if bears tighten their grip on the meme coin market.
The token modified fingers round $0.3, down greater than 48% since hitting an all-time excessive above $0.71 on Could 4.
Whale dumps WIF and POPCAT
As famous by Lookonchain, onchain information reveals that the whale misplaced WIF and POPCAT simply days after spraying the meme tokens.
The whale purchased $2.18 million price of WIF and purchased 732,481 WIF tokens at a worth of $2.98 three days in the past. The information additionally reveals that the massive meme holder collected 716,344 POPCATs at $0.5 for a complete of $361,000.
In the present day 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.
