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 名的加密货币，其价值在过去一周下跌了 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 小时内暴跌 9% 至 16 亿美元，让 Fantom (FTM) 以 16.5 亿美元的市值超越其进入前 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).

尽管有所下降，但 Dogwifhat 仍然是市值第四大模因币，仅次于 PEPE (PEPE)，后者的市值是后者的近三倍（45.7 亿美元）。

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

截至撰写本文时，Dogwifhat 的交易价格为 1.62 美元，过去 7 天下跌 38% (CoinMarketCap)。

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

Dogwifhat 过去一周暴跌 38%。资料来源：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).

价格下跌阻止了期货交易商对 Dogwifhat 短期走势的猜测。同期，代表未平仓比特币期货合约总价值的未平仓合约 (OI) 下降了 25%，至 2.0964 亿美元 (CoinGlass)。

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

反弹 13% 至两天前的价格 1.81 美元，将消除约 1,353 万美元的空头头寸。

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

如果 WIF 价格上涨，进一步的头寸很容易受到影响。 来源：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.

近几个月来，人们对 Dogwifhat 的情绪发生了重大转变，此前有人呼吁其价格在 3 美元时上涨两倍。

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，当 Dogwifhat 首次达到 3 美元时，BitMEX 前首席执行官、Maelstrom 现任首席投资官 Arthur Hayes 预测，基于 Solana 的 memecoin 将飙升至 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 日的一篇帖子中写道：“当我数到 10 美元时，帽子会一直戴着。”

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

免责声明：本文不提供投资建议。所有投资和交易都涉及风险，建议在做出任何决定之前进行彻底研究。