SHIB Rivals WIF, BRETT Worst Performers Today

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Dogwifhat (WIF): Solana's SHIB Copycat Suffers Worst Plunge Among Top Cryptocurrencies

Worst Performing Crypto: Dogwifhat (WIF)

Dogwifhat (WIF), Solana's meme-inspired cryptocurrency, has recorded the steepest decline among the top 100 cryptocurrencies. Overnight, it lost 10.1% of its market capitalization, pushing its weekly losses to over 35%. Dogwifhat's market value has plummeted to $1.63, resulting in its exit from the top 50 largest cryptocurrencies.

Underperformers Galore

Other meme coins are also struggling. Brett (BRETT) has dropped by 10%, threatening to fall below $1 billion in capitalization. Floki (FLOKI) has declined by 5.5%, Shiba Inu (SHIB) by 4.9%, and Bonk (BONK) by 7%, dropping below the $1.5 billion mark.

Cat Coins Struggle

Major cat coins Popcat (POPCAT), Cat in Dog World (MEW), and Mog Coin (MOG) have lost 12-17% each, hovering around the $0.5 billion market cap threshold.

Dogecoin Outperforms

Despite the market downturn, Dogecoin (DOGE) has performed surprisingly well, posting a modest 2.9% decline. It is the only meme coin currently outperforming the sector.

WIF Whale Exits with Massive Profit

Amidst the sell-off, a major WIF whale has made headlines by liquidating their holdings for an astounding profit. As per Lookonchain's analysis, the whale sold 14.53 million WIF for $24 million on August 3, 2024.

Whale's Historic Purchase

The whale had purchased the WIF at a mere $5,340 on November 30, 2023. Their sale represents a remarkable 4,497x return on investment.

Potential for Higher Profits

If the whale had sold at an all-time high, they would have realized an astonishing 12,927x ROI, translating to a profit of over $69 million.