Dogwifhat Open Interest Plunges 28% Amid Market Sell-Off

Dogwifhat 未平仓合约在市场抛售中暴跌 28%

The open interest for Dogwifhat (WIF) has experienced a significant decline of 28%, reaching levels of $252.5 million since July 27. This decrease coincides with a drop in the token's price to $1.67.

自 7 月 27 日以来，Dogwifhat (WIF) 的未平仓合约大幅下降 28%，达到 2.525 亿美元。这一下降与代币价格跌至 1.67 美元同时发生。

The current correction has led traders to anticipate a potential retest of the critical support level at $1.50. Futures traders remain cautious about a rapid rebound given the recent volatility. WIF's current price of $1.60 reflects a 4.34% decrease in the last 24 hours.

当前的调整导致交易者预计可能会重新测试 1.50 美元的关键支撑位。鉴于近期的波动，期货交易员对快速反弹仍持谨慎态度。 WIF 目前的价格为 1.60 美元，在过去 24 小时内下跌了 4.34%。

Consequences of the Open Interest Decline

未平仓合约下降的后果

During this period, five wallets identified as potentially belonging to the same entity sold 14.53 million WIF tokens, netting approximately $69 million. This large-scale sell-off contributed to the bearish sentiment and price decline.

在此期间，五个被确定可能属于同一实体的钱包出售了 1,453 万个 WIF 代币，净赚约 6,900 万美元。这种大规模抛售加剧了看跌情绪和价格下跌。

Market Dynamics and Future Prospects

市场动态及未来展望

In contrast, a notable crypto analyst has projected a positive outlook for meme coins, including PEPE and POPCAT. This suggests that despite the current challenges, WIF may have potential for recovery and growth.

相比之下，一位著名的加密货币分析师预测了包括 PEPE 和 POPCAT 在内的 meme 币的积极前景。这表明，尽管当前面临挑战，WIF 仍可能具有复苏和增长的潜力。

Traders are closely monitoring key support levels to guide their decisions in this evolving market landscape.

交易者正在密切关注关键支撑位，以在不断变化的市场格局中指导他们的决策。