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Memcoins had a tough time today as they pulled back from recent highs as the broader crypto market traded flat.
Solana-based Dogwiffhat ( YFF ) dropped double digits overnight as it continued to slide from its all-time high on March 31. The cryptocurrency is currently trading at $3.26, down 15.9% on the day and 10.4% on the week, according to CoinGecko.
Other dog-themed coins slipped last day, with Dogecoin (DOGE) down 4.9%, Floki Inu (FLOKI) down 6.4% and BONK down 5%. Out of the dog coin category, only Shiba Inu (SHIB) is trading higher on the day, although it is down 13.3% for the week.
Elsewhere in the meme category, PEPE fell 7% on the day, while Solana-based book (BOME) fell 12.9% to trade at $0.01351.
Bitcoin fell to $65,000 earlier this week, continuing a broader trend for meme coins to bounce back from last week's rally. Overall, the meme coin category fell 18.5% last week, according to CoinGecko data.
That failure must be seen in context, though; Just over a week ago, Dogecoin rose above $0.20 for the first time since 2021. On the same day, WIF posted an all-time high, continuing to rise until hitting $4.83 on March 31.
The meme coin asset class has surged this year along with Bitcoin's price hike. Solana Being a hive of business activity.
In March, the chain's decentralized exchanges (DEXs) recorded trading volumes for meme coins such as DogwhipHat. DEXs are on Ethereum Scaling network Buzz also broke records last weekend, trading $1.22 billion in the meme coin gold rush.
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