Dogwifhat (WIF) is struggling, down 86% from its $4.83 peak, with no signs of a quick recovery. Currently sitting at $0.62, WIF has dropped 56% this month, 15% this week, and 7% today.
📉 Harsh Market Conditions
Last year, WIF surged 1,800% in Q1, fueled by strong market inflows. Now, with 11M+ cryptos competing and macro volatility increasing, investors are staying away. Memecoin market cap has dropped 42% in 30 days, and WIF trading volume has plunged from $3.46B to $270M.
🐋 Whale Sell-Off & Weak FOMO
Two major whale cohorts have dumped millions since November. Wallets holding 100K–1M WIF coins cut their holdings by 13%, reducing total holdings to 195.74M. With whale support shrinking, breaking $1 will be tough.
🔮 What’s Next for WIF?
If the market rebounds, WIF may see some relief. But a true breakout is far off, and if bearish sentiment persists, WIF could plunge to $0.20.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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