Dogwifhat ($WIF), one of the largest memecoins on the Solana network, has experienced a significant decline, dropping by 13% in a single day and 24% over the course of the week. This downturn comes as Lookonchain data reveals a substantial sell-off by a notable whale following the market slump. The whale, known for their shrewd maneuvers in the memecoin space, capitalized on various tokens, including $WIF, $POPCAT, $WEN, and $Hobbes. Their trading prowess is evident in the impressive profits amassed across these assets, with gains ranging from 144% to a staggering 1658%. A whale dumped 1.22M $WIF for 3.13M $USDC
The post Solana’s Leading Memecoin Dogwifhat Plummets 13% Today, 24% Weekly Drop Amid Whale Activity appeared first on The Merkle News.