🚨Emergency Alert 🚨

💣 Meme Coin Crash: DogWifHat and Others Suffer Massive Losses

Panic for $WIF Holders as Price Falls Below $1.50 🚨

➡️DogWifHat ($WIF) Plummets 21.5% 🐕📉

It’s been a tough week for DogWifHat ($WIF) holders, as the Solana-based meme coin has shed 21.5% of its value over the past seven days, currently trading at $1.35. After falling below key support at $1.50 on August 15, the coin has been on a tear. The drop has made $WIF the biggest loser among the top five dog-themed meme coins, a category that has seen heavy losses across the board.

➡️Meme Coins Struggle With $WIF 🔻

• Dogecoin ($DOGE) fell 3.5% on the week to $0.09954. As the largest meme coin with a market cap of $14.5 billion, the drop is significant.

• Shiba Inu ($SHIB) followed suit, losing 4.1% to $0.0000131.

• Pepe ($PEPE), a $3 billion meme coin, saw a significant drop of 11% to $0.000007248.

• Bonk ($BONK), another meme favorite, fell to $0.00001727.

What's Happening to $WIF? 📉

According to the recent price chart, $WIF has failed to hold the psychological support level of $1.50. With the Relative Strength Index (RSI) at 36 and falling, there is significant selling pressure, suggesting that prices may stabilize soon. However, the recent market crash in early August appears to have pulled the overall market support away, with meme coins in particular being hit hard.