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<div class="coinjournal">
 <ul>
 <li>Dogwifhat (WIF) price was down 11% on the day as top meme coins struggled.</li>
 <li>The Popcat (POPCAT) token also traded lower, falling by 20% in 24 hours.</li>
 <li>A whale has dumped both WIF and POPCAT tokens at a loss.</li>
 </ul>
 Dogwifhat ($WIF) and Popcat (POPCAT) are down double-digits in the past 24 hours as the overall meme coins market experiences a significant sell-off.
 <h2 id="span-style-font-weight-400-dogwifhat-sheds-11-amid-meme-coin-slip-span">Dogwifhat sheds 11% amid meme coin slip</h2>
 WIF, one the <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a> to catayse the rise of meme <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a> on the Solana network, was down 11% in 24 hours on May 18.
 Dogwifhat price has declined by 17% in the past week. WIF currently trades at $2.56.
 <img decoding="async" class="alignnone size-full wp-image-204713" src="https://cdn.thebittimes.com/images/2024/05/18/1062e359b8b4671b9ec535778cb9f7c4.webp" alt="" width="705" height="224">
 Comparatively, top meme coins Dogecoin, Shiba Inu, Pepe and Floki are all green in the last seven days despite shedding gains in the 24-hour period. These tokens are however in the red in the past 24 hours.
 <h2 id="span-style-font-weight-400-popcat-popcat-down-20-in-24-hours-span">Popcat (POPCAT) down 20% in 24 hours</h2>
 As well as Dogwifthat, another meme token losing by double-digits in the past day and week is Popcat. The Solana internet meme token is down 20% over the last 24 hours to see weekly loses hit 14%.
 <img decoding="async" loading="lazy" class="alignnone size-full wp-image-204714" src="https://cdn.thebittimes.com/images/2024/05/18/dc4e57c51da8075590a52b2c27ffcf7f.webp" alt="" width="705" height="224">
 Popcat’s lack of inherent value is likely to contribute to further price pressures if bears intensify their control in the meme coin market. 
 The <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> changed hands around $0.3, down more than 48% since hitting an all-time high above $0.71 on May 4.
 <h2 id="span-style-font-weight-400-whale-dumps-wif-and-popcat-span">Whale dumps WIF and POPCAT</h2>
 As noted by Lookonchain, onchain data shows a whale has dumped WIF and POPCAT at a loss just days after splashing on the meme tokens.
 The <a rel="noopener noreferrer nofollow" title="whale" href="https://thebittimes.com/tag/whale.html">whale</a> bought $2.18 million worth of WIF, acquiring 732,481 WIF <a rel="noopener noreferrer nofollow" title="tokens" href="https://thebittimes.com/tag/tokens.html">tokens</a> at the price of $2.98 three days ago. Data also shows the large meme holder scooped 716,344 POPCAT at $0.5 for a total of $361,000.
 Today, the <a rel="noopener noreferrer nofollow" title="whale" href="https://thebittimes.com/tag/whale.html">whale</a> dumped 732,481 WIF for $1.85 million and 716,344 $POPCAT for $281,000. This resulted in losses of $336,000 on Dogwifhat and $80,000 on POPCAT.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/dogwifhat-and-popcat-sell-off-as-whale-dumps-tokens-tbt88783.html">https://thebittimes.com/dogwifhat-and-popcat-sell-off-as-whale-dumps-tokens-tbt88783.html</a>

Dogwifhat and Popcat sell-off as whale dumps tokens

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