📉 Memecoin Dogwifhat (WIF) on Solana drops sharply!

- OI decreased 28% in the past 7 days, to $252.5M from $353.4M.

- Current WIF price is $1.67, down 35.48% from July 27.

- Traders predict WIF will retest the $1.50 support level.

📊 Traders do not expect a quick recovery:

- $11.89M short positions are at risk if the price goes up to $1.80.

- Another 10% drop to $1.50 would wipe out $7.55M long positions.

📈 Arthur Hayes' prediction of $10 is far away!

💬 What do you think about the future of WIF? Comment!#Crypto#Dogwifhat #Blockchain