According to a prominent crypto influencer on X, there's a possibility that the popular Solana memecoin DogWifHat ($WIF) could drop significantly to $1 from its current price of $3.17.
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Dogwifhat [WIF], a memecoin based in Solana, has had a double-digit price drop in the previous 24 hours alone.
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A trader situated in Solana has made significant profits from trading different tokens with meme themes on the Solana blockchain, according to a report published on April 26 by blockchain analysis company Lookonchain.
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While larger memecoins like DogWifHat (WIF) and Shiba Inu (SHIB) are losing traction, new Solana memecoins are providing investors with incredible gains.
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Dogwifhat, a memecoin centered in Solana, may take some time to reach $5. No other memecoin in the top 50 has surpassed the token during the last three months.
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This week saw the birth of Flying Monkey (FLYMONK), a new memecoin on Solana that is expected to make significant gains given the recent decline in popularity of DogWifHat (WIF) and Shiba Inu (SHIB).
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Two cryptocurrencies that have benefited greatly from the memecoin craze in recent months are dogwifhat [WIF] and BODEN. The situation with these tokens, nevertheless, could drastically alter in the coming days.
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Coinbase International, a cryptocurrency exchange, recently announced that, starting of April 25th, non-US users in specific jurisdictions would be able to trade perpetual futures with $WIF.
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A brand-new memecoin called Flying Monkey (FLYMONK), which debuted on Solana today, is expected to make significant gains in light of the recent declines in popularity of DogWifHat (WIF) and Shiba Inu (SHIB).
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The DogWifHat price has recovered to $2.56, and WIF has gained 1% today. Over the last day, the cryptocurrency market has been stable overall.
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