Solana Memecoins: WIF, PENGU, Fartcoin Drop Over 10% in a Week

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The crypto cosmos, forever in motion, closed the week on a somewhat steady note. Yet, it seems the beloved Solana memecoins-Fartcoin, Pengu, and WIF-have lost their luster. Investors, no longer captivated by the promise of cheap laughs, have turned their gaze elsewhere. As a result, these tokens have seen their momentum evaporate faster than a puff of smoke from a crypto enthusiast’s vape. 🤷‍♂️

According to CoinMarketCap, these memecoins have dropped by at least 10% in the past seven days. Someone cue the sad violin music. 🎻

WIF Price Action: Trapped Between Key Level

Take WIF, for example. The poor thing has dropped a hefty 11.76% in the past week, leaving investors wondering where it all went wrong. Trading at a mere $0.88, it once peaked at $1.06 on August 14, before succumbing to a familiar fate: market resistance. Once it hit $1.3, it began its downward spiral, stuck in a sad little tug-of-war between resistance at $1.3 and support at $0.75. Oh, the agony of being stuck between a rock and a hard place. 💀

The Relative Strength Index (RSI) is sitting pretty at 44, confirming what everyone has suspected: the bears are in charge. And with trading volume down 22%, at $261.76 million, it’s clear that the crowd has lost interest. 🐻

PENGU Lost 12% in 7 days

Meanwhile, PENGU, the shining star of the Pudgy Penguins NFT project, has taken a dive too. After reaching its high of $0.04662 on July 23, it has slid downwards by 12% this week. A sad little parade of lower highs and lower lows, all leading to a rather uninspiring price of $0.033145. From the top to the bottom, faster than you can say ‘meme coin.’ 🐧

Currently, PENGU is trading at $0.033145, down from $0.04120 just a few days ago, with a market valuation of $2.08 billion. If only its price could reflect that number. 😬

FARTCOIN Follows with 13% drop in Same Period

Fartcoin, the beloved coin of the ridiculous and absurd, is following a similar trajectory. After its glorious peak, it plummeted after July 16, unable to reclaim the lofty heights of $2.6 it reached in January. Who could have predicted this tragic fall from grace? Oh wait, everyone. 🙄

Currently, Fartcoin has lost a cringe-worthy 13% in the past seven days, consolidating in a range between $1.671 and $0.795. A true masterpiece of market indecision. 👏

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2025-08-16 22:18