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Solana Sauce Not Enough: Dogwifhat WIF Implodes in Spectacular Display of Crypto Bro Folly

Crypto NewsHackMemecoins 2 Linda Williams August 19, 2024

An illustration of a cartoon dog wearing a top hat standing on a cliff overlooking a sea of flames with a price chart in the background showing a sharp decline, while another dog is seen falling into the distance below; above them, three peaks are visible forming an inverted head-and-shoulders pattern

The never-ending saga of Dogwifhat’s spectacular implosion! Who needs a functioning economy or actual value when you can just create a bunch of numbers on a computer, slap some Solana sauce on it, and watch the crypto bros fawn all over it? I mean, seriously, what is this thing even for? Is it a store of value? A medium of exchange? An investment vehicle? No, no, and hell no! It’s just a meme coin created by bored teenagers with too much time on their hands.

Source: cointelegraph

Why is Solana’s Dogwifhat (WIF) memecoin crashing?
https://cointelegraph.com/news/why-is-solana-dogwifhat-wif-memecoin-crashing
Dogwifhat, the fourth-largest memecoin by market capitalization, is on the brink of erasing the recovery it achieved after the Aug. 5 crypto market crash. WIF has dropped approximately 30% from its Aug. 9 local top of around $1.95, bringing its price down to $1.36 as of Aug. 17. Dogwifhat’s (WIF) price decline accompanies similar downside moves across other top memecoins, namely Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE). For […]

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About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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