Dogwifhat (WIF) Tanks 23% as Memecoin Mania Meets Market Meltdown

Crypto’s favorite joke token isn’t laughing now—WIF leads the memecoin rout with a brutal 23% haircut.

When the tide goes out, you see who’s swimming naked. Today, the entire memecoin sector looks embarrassingly underdressed.

Bonus finance jab: ’Portfolio diversification’ means your losses are now spread across multiple worthless assets.

Its market cap has slipped to $788.06 million, and while the 24-hour volume has spiked to $447.87 million, up 31.94%, the direction is clear: people are selling.

This isn’t just about WIF. The entire crypto market is feeling the pressure. Overall, the market is down 2.7%, with the total market cap now standing at $3.24 trillion. It’s the second straight day of red candles across the board.

Dogwifhat is currently ranked #80 on CoinMarketCap, but it’s among the top losers today, especially within the memecoin category, which had been one of the hottest segments just weeks ago.

The fall in WIF comes after a strong pump earlier in the week, but the momentum didn’t hold. With Bitcoin, Ethereum, and other major coins also falling, WIF is following the same trend. The memecoin buzz that drove prices up earlier now seems to be fading, at least for the moment.

Many traders are waiting to see whether this is just a temporary dip or the beginning of a bigger market drop.

Also Read: Dogecoin price prediction 2025: What’s Next For DOGE Memecoin?