SHIB and WIF Among Worst-Performing Meme Coins

Cover image via U.Today

According to data from cryptocurrency analytics platform Lookonchain, dogwifhat (WIF) and Shiba Inu (SHIB) are among the worst-performing meme coins. The two cryptocurrencies are down 70.93% and 70.86%, respectively, from their 52-week highs.

Earlier this year, Solana-based meme coin upstart WIF gained attention with a massive rally that took the coin to its current peak of $4.83 on March 31. Since then, WIF has dropped by more than 70.5%.

Some experts remain unbothered by the correction. As reported by U.Today, Murad Mahmudov, a former Goldman Sachs analyst, recently predicted that WIF would be among the big SOL winners in 2025 despite losing its bullish momentum. Cryptocurrency research firm Cryptonary predicted a "base case" value of $10 for the cryptocurrency.

Meanwhile, SHIB peaked at $0.0000456 on March 5 before losing its gains. The "Dogecoin killer" is down as much as 84.6% from its record high achieved roughly three years ago.

The performance of the leading meme cryptocurrencies has been more than underwhelming across the board, meaning that WIF and SHIB are not outliers in this sector.

Dogecoin (DOGE), the top meme coin by market cap, is down 57.93% from its 52-week peak. Pepe (PEPE), another major cryptocurrency from the sector, has also plunged by more than 58%.

For comparison, Bitcoin is down 21.7% from its all-time high in March.