Dogwifhat (WIF) Plummets 14% Amid Broad Crypto Market Sell-Off

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Dogwifhat (WIF), a meme coin that skyrocketed in early 2024, achieving a market cap of over $4 billion, is currently experiencing a considerable downturn. After peaking at around $4.60 in April, the cryptocurrency has seen a sharp decline.

Dogwifhat’s value has plummeted nearly 70% from its all-time high. In the last 24 hours alone, WIF has fallen by approximately 14%, pulling it out of the top 50 cryptocurrencies by market capitalization. Currently, WIF has experienced 37% losses over the past week, 43% over the past two weeks, and 46% in the past month.

The cryptocurrency market experienced significant turbulence today as Bitcoin’s price plummeted to $62,000, triggering substantial liquidations among leveraged traders.

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