Solana meme coins WIF and BONK continue to struggle, reflecting the broader downturn in the sector. WIF has dropped to nearly $1, its lowest level in eight months, while BONK risks testing key support levels as its EMA lines signal a continued downtrend.

Both tokens have suffered steep losses, with BONK down 40% and WIF dropping 52% over the past 30 days. While a broader meme coin resurgence could spark a recovery, both assets remain under pressure, with further declines still on the table.

BONK and WIF Extend Losses as Solana Meme Coins Collapse

The meme coin sector has faced a sharp downturn, losing 10.8% in the past 24 hours and now sitting at a total market cap of $90 billion.

Solana meme coins have been hit particularly hard, with all nine of the chain’s top nine biggest tokens recording losses over the past day and the last seven days.

Among the hardest-hit tokens, BONK and WIF have struggled significantly, with BONK down 40% and WIF dropping 52% over the past 30 days.

Despite their recent losses, both coins remain among the largest meme coins on Solana. BONK holds the second position with a market cap of approximately $1.6 billion, followed closely by WIF at $1 billion.

However, since its launch, TRUMP has surpassed both to become the leading Solana meme coin.

dogwifhat Price Prediction: Will WIF Continue Going Down?

WIF is currently trading near $1, its lowest level in months, after failing to break the $1.37 resistance. Its EMA lines point to an ongoing downtrend, suggesting bearish momentum remains stron

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Author: Tiago Amaral