Crypto whales have significantly boosted Solana's DogWifHat ($WIF), propelling it to approach a three-month high despite the current bearish meme coin market conditions. Today, meme coin markets have contracted by 10%, bringing their collective market cap down to $50.6 billion.
Many leading meme coin projects are managing to keep pace in this volatile market. The leading sector commands a $16 billion valuation, demonstrating the ongoing strength of prominent meme coins amidst the downturn.
The article was originally posted on Cryptonews, highlighting the activities of influential cryptocurrency investors during market dips.
