Solana memecoin Dogwifhat (WIF) has plummeted out of the top 50 cryptocurrencies by market capitalization, with its value dropping 38% in the past week.

Solana memecoin Dogwifhat (WIF) 已跌出市值排名前 50 名的加密貨幣，其價值在過去一周下跌了 38%。

On June 23, Dogwifhat's market cap plummeted 9% to $1.60 billion in just 12 hours, allowing Fantom (FTM) to overtake its position in the top 50 with a market cap of $1.65 billion.

6 月 23 日，Dogwifhat 市值在短短 12 小時內暴跌 9% 至 16 億美元，讓 Fantom (FTM) 以 16.5 億美元的市值超越其進入前 50 名。

Despite the decline, Dogwifhat remains the fourth largest memecoin by market cap, trailing only PEPE (PEPE), which boasts a market cap nearly three times larger ($4.57 billion).

儘管有所下降，但 Dogwifhat 仍然是市值第四大迷因幣，僅次於 PEPE (PEPE)，後者的市值是後者的近三倍（45.7 億美元）。

At the time of writing, Dogwifhat is trading at $1.62, down 38% over the past seven days (CoinMarketCap).

截至撰寫本文時，Dogwifhat 的交易價格為 1.62 美元，過去 7 天下跌 38% (CoinMarketCap)。

Dogwifhat has plummeted 38% in the past week. Source: CoinMarketCap

Dogwifhat 過去一週暴跌 38%。資料來源：CoinMarketCap

The price drop has deterred futures traders from speculating on Dogwifhat's short-term trajectory. Over the same period, Open Interest (OI), representing the total value of outstanding Bitcoin futures contracts, has decreased by 25% to $209.64 million (CoinGlass).

價格下跌阻止了期貨交易商對 Dogwifhat 短期走勢的猜測。同期，代表未平倉比特幣期貨合約總價值的未平倉合約 (OI) 下降了 25%，至 2.0964 億美元 (CoinGlass)。

A 13% rebound to $1.81, its price two days ago, would eliminate approximately $13.53 million in short positions.

反彈 13% 至兩天前的價格 1.81 美元，將消除約 1,353 萬美元的空頭部位。

Further positions are vulnerable if WIF's price rises. Source: CoinGlass

如果 WIF 價格上漲，進一步的部位很容易受到影響。 來源：CoinGlass

The sentiment towards Dogwifhat has undergone a significant shift in recent months, with previous calls for its price to triple when it traded at $3.

近幾個月來，人們對 Dogwifhat 的情緒發生了重大轉變，此前有人呼籲其價格在 3 美元時上漲兩倍。

On March 14, as Dogwifhat reached $3 for the first time, Arthur Hayes, former BitMEX CEO and current Chief Investment Officer at Maelstrom, predicted the Solana-based memecoin would surge to $10.

3 月 14 日，當 Dogwifhat 首次達到 3 美元時，BitMEX 前執行長、Maelstrom 現任首席投資長 Arthur Hayes 預測，基於 Solana 的 memecoin 將飆升至 10 美元。

"The hat stays on while I count to $10," Hayes wrote in a March 14 X post.

海耶斯在 3 月 14 日的一篇帖子中寫道：“當我數到 10 美元時，帽子會一直戴著。”

Disclaimer: This article does not provide investment advice. All investments and trading involve risk, and thorough research is advised prior to making any decisions.

免責聲明：本文不提供投資建議。所有投資和交易都涉及風險，建議在做出任何決定之前進行徹底研究。