The price of the Solana-based meme coin DogWifHat ($WIF) has plummeted 24% in the past week, marking the largest loss among the top ten meme coins by market capitalization.
Currently priced at $1.46, $WIF has shown no significant change in the last 24 hours. This decline comes as competing Shiba Inu-themed meme coins such as Floki ($FLOKI) see similar trends.
Amidst $WIF's downturn, a new competitor has managed to gather $900,000 in funding, raising concerns about the future viability of $WIF.
