$WIF at $3.34 Overtakes $BONK in Market Cap as Largest Solana Meme Coin, Both Down 12% and 7.5%

In a significant shift within the Solana meme coin market, $WIF (Dog Wif Coin) has overtaken $BONK (Bonk Inu) in market capitalization, becoming the largest meme coin on the Solana blockchain.

This development comes amid a broader trend of price declines for both tokens, with $WIF and $BONK experiencing drops of approximately 12% and 7.5% respectively over the past week. Notably, a whale transaction was recorded where a wallet purchased 1.42 million $WIF for $4.73 million in USDC at a price of $3.34 per token. Market participants are speculating on potential rebounds for both coins, with some suggesting that the meme market will not recover until $WIF reaches a minimum price of $5 and $BONK achieves another all-time high.

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