Dogwifhat saw the steepest 7-day price decline among the top 100 cryptocurrencies by market cap but remains in fourth place among memecoins.
Solana memecoin Dogwifhat (WIF) has fallen out of the top 50 cryptocurrencies by market cap, as its price tumbled 38% over the past seven days.
On June 23, Dogwifhat’s market cap fell down 9% to $1.60 billion in a 12-hour period, which led to Fantom (FTM) overtaking its position in the top 50 cryptocurrencies by market cap, rising 2.24% at $1.65 billion.
“Many people are talking about how WIF is in their accumulation zone, but I just checked the chart and it doesn’t seems like anyone is accumulating,” pseudonymous crypto trader Blockgraze wrote in a June 23 X post.
