Dogwifhat falls and CEX reserves fall: this memecoin could be the next big thing
Dogwifhat has messed with the broader crypto slump. WIF investors cash out and reserves fall. iDEGEN may be the memecoin leader of 2025.
Popular meme coin Dogwifhat (WIF) has seen a significant drop below a key support level from $2 to $1.70. This decline, although not isolated, occurred alongside the broader crypto market decline, which saw investors withdraw funds and Centralized Foreign Exchange (CEX) reserves decreased.
However, in the midst of this yf failure, eyes are turning to iDEGEN ($IDGN), a new AI-driven memecoin, that could be the next big thing in the world of memecoins in 2025, especially as the pre-sale is winding down this month. .
Dogwhiphat has fallen below $2 as a flag bearer
Dogwhip's price has fallen nearly 20 percent in the past 48 hours, sparking panic among investors. The decline in the past two days has been lost after last week's memecoin profit fell from $2.1 to $1.70 at press time.
This price collapse led to significant profit-taking among top investors, with one leader pocketing $10.8 million in profits after installing $2.4 million worth of Wi-Fi, according to Nansen PNL Leaderboard data.
This sell-off is mirrored by the YF Token's movement, which saw a massive $24.1 million withdrawal in the past 24 hours, suggesting some investors are scrambling to recover once the market stabilizes.
However, despite the current price decline, Dogwifhat (WIF), a groundbreaking project on the Solana blockchain that leverages the success of dog-focused memecoins like Dogecoin and Shiba Inu, has seen an incredible 2,779,056% increase in value since its inception. , embodying the wild, speculative nature of meme coins.
Its current market cap of $1.77 billion and trading volume of $357.8 million reflect a market that is still clearly under pressure.
Additionally, WIF's immediate future looks bleak with technical indicators such as flag patterns and double-high formations unless there is a significant shift in market sentiment.
Could iDEGEN be the meme coin king of the future?
As Dogwiffhat struggles, the crypto community's gaze turns to iDEGEN ($IDGN), an AI-powered memecoin that's not just another token, but a sentient, community-shaped entity.
Launched with a presale that raised over $14.8 million, iDEGEN's dynamic bidding system reflects real-time market demand, and each purchase has a direct impact on future price and growth.
The price of IDGN changes every five minutes depending on the number of purchases. If only one purchase is made, the price will remain the same, if consecutive purchases are made, the price will increase by 5%. Conversely, if no purchase is made, the price will be reduced by 5%.
This pre-sale, which ends later this month, surprised many with its new approach to token distribution, which could set the stage for iDEGEN to make waves in 2025.
Unlike WIF, which only thrives on meme culture, iDEGEN promotes the concept of AI that learns from the community on X, via Twitter.
Although it recently received a temporary ban on X, which will end in a few hours, the development of iDEGEN AI is entirely community-based, providing unique entertainment, speculation and technological innovations.
With no human intervention in the learning process, iDEGEN's unpredictability adds to its appeal, promising a narrative that can captivate the crypto world just as WIF did in its heyday.
As we near the end of the iDEGEN presale, the excitement surrounding this project is not only about the potential for financial benefits, but also about participating in something fundamental. The community is not only investing in tokens; You are developing the AI, shaping its personality and watching it evolve.
This sense of ownership and involvement could push iDEGEN to new heights, possibly positioning it as the next big thing in the meme coin arena as we look towards 2025.
However, as with all cryptocurrencies, especially those driven by the dynamic meme sector, the journey can be fraught with risks and uncertainties, so investors should exercise due diligence before investing.
