Solana Memecoins WIF, PENGU, Fartcoin Plunge 10%+—Is the Party Over?

Solana's meme darlings hit a rough patch as WIF, PENGU, and Fartcoin shed double digits in seven days. The sector’s volatility strikes again—just another Tuesday in crypto.

Blood in the Meme Pool

No narrative, no problem—until there is. These tokens nosedived without ceremony, proving even internet jokes aren’t immune to gravity. Traders now face the age-old question: buy the dip or dodge the falling knives?

Degens vs. Fundamentals

The usual suspects—whale moves, fading hype, or just traders realizing ‘utility’ means nothing when your coin’s mascot is a penguin. Meanwhile, Bitcoin ETFs sip champagne as memecoins eat ramen.

Solana’s Rollercoaster Continues

The chain that brought you ‘breakneck speeds’ now delivers breakneck crashes. Perfect for those who like their volatility with a side of existential dread.

Closing Thought: In a market where ‘number go up’ is the only theology, even the faithful get burned. Maybe diversify beyond cartoon animals next time?

WIF Price Action: Trapped Between Key Level

For instance, dogwifhat has lost 11.76% in a week. Currently, it’s trading for $0.88 despite reaching a weekly high of $1.06 on Aug 14. This drop started after the market hit a resistance zone at $1.3, since then, WIF has been trading downward and trapped between the resistance lever and a support level at $0.75. 

Moreover, the Relative Strength Index (RSI) is currently at 44. This suggests that the bears are controlling the market. Meanwhile, trading volume is down 22% as of today with $261.76 million in trading activity. 

PENGU Lost 12% in 7 days 

PENGU, the native token of the Pudgy Penguins, a popular NTF project, saw its price drop 12% this week after hitting an all time high of $0.04662 on July 23. Since then, price has been dipping, creating a series of lower highs and lower lows in its path. 

Currently, the memecoin is trading for $0.033145, down from its weekly high of $0.04120 on Monday with $2.08 billion in market valuation.

FARTCOIN Follows with 13% drop in Same Period 

Fartcoin shares a similar price action as PENGU has also dropped after hitting a new high record. The drop started on July 16, after the price failed to recover its high of $2.6 which it hit in Jan. 

As a result, the memecoin has lost 13% in 7 days, according to data from CoinMarketCap. In addition to that, the price is consolidating between $1.671 and $0.795.

Also Read: Pi Hackathon 2025 Registration Opens with 160K Pi Prize Pool