Meme Coin Bloodbath: WIF Crashes to 3-Month Low as Prices Struggle

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Heading Southhas negatively affected numerous digital assets whose prices have plunged significantly in the past 24 hours. One example is theIts value is down almost 10% daily, tumbling to $1.90 . The last time the price was trading that low was at the beginning of March.Despite its market capitalization slipping below the $2 billion mark, WIF continues to be the fourth-largest meme coin, trailing behind Dogecoin , Shiba Inu , and Pepe .are also in the red today .

Other meme coins that have underperformed include BRETT , BONK , Trump , MEW , and many more. The cohort’s market cap has lost the $50 billion level, currentlythe current levels could be “a logical area to buy.” In their view, the asset might experience an additional pullback but eventually rally toward a new all-time high in the $7-$10 range.Earlier this week, DonAlt argued that the meme coin has started “losing its macro range.

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