Dogwhiphat and Popcat are sold as well tokens.
Dogwift (WIF) price drops 11% as top meme coins struggle
The POPCAT token also traded lower, falling 20% in 24 hours.
A whale dumped both WIF and POPCAT tokens at a loss.
DogwhipHat ($YF) and PopCat (POPCAT) are down double digits in the past 24 hours as the overall meme coin market is experiencing a significant selloff.
Dogwhiphat drops 11% in the middle of the meme coin flip
YF, which is one of the antidote to the rise of meme tokens on the Solana network, fell by 11% in 24 hours on May 18.
Dogwifhat's price dropped by 17% last week. YF is currently trading at $2.56.
Relatively speaking, Dogecoin, Shiba Inu, Pepe and Floki are all green despite losing significant gains over the 24-hour period. However, these symptoms are red in the last 24 hours.
Popcat (POPCAT) decreased by 20% in 24 hours
Also, Dogwiftthat is another meme token popcat that has been losing by double digits in the past day and week. Solana Internet Meme Token is down 20% in the last 24 hours to see a weekly loss of 14%.
Popcat's inherent lack of value could contribute to further price pressures if bears tighten their grip on the meme coin market.
The token is down more than 48% from a high of $0.71 on May 4, hovering around $0.3.
Well it throws WIF and POPCAT
As reported by Loonchain, onchain data shows that a whale dumped WIF and POPCAT at a loss a few days after splashing on meme tokens.
The whale acquired 732,481 WIF tokens at a price of $2.98 three days ago and bought $2.18 million worth of WIF. The data shows that the biggest meme holder took 716,344 POPCAT at $0.5 for a total of $361,000.
Today the whale dropped 732,481 WIF for $1.85 million and 716,344 $POPCAT for $281,000. This resulted in a loss of $336,000 on Dogwhiphat and $80,000 on POPCAT.
