3 Reasons Why Dogwifhat Price Is Crashing Today
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The crypto market has been facing significant volatility, and the Solana meme coin Dogwifhat (WIF) is no exception. Today, the price of Dogwifhat has taken a substantial hit due to several contributing factors. Here are the three primary reasons behind the sharp decline in WIF’s value.
1. Dogwifhat Whale Dump & Fading Investor Interest
One of the most impactful events affecting the WIF price is the massive token dump by a major whale. According to data from Solscan, on June 20, a Dogwifhat whale offloaded a staggering 5.97 million tokens to Binance, valued at $12.1 million. This move significantly intensified the downtrend that had already begun.
Moreover, today, the same whale sold an additional 6.84 million WIF tokens to Binance, worth approximately $11.3 million.
