Meme Coin Meltdown: WIF and BONK Battle Multi-Month Lows

WIF and BONK Struggle With Multi-Month Lows Amidst Broader Meme Coin Downturn

Solana meme coins WIF and BONK continue to face significant challenges, with both tokens experiencing steep losses and approaching critical support levels. The broader meme coin market has also been affected, with a total market cap drop to $90 billion and a 10.8% loss in the past 24 hours.

WIF has plummeted 52% and BONK has dropped 40% in the past month, with both tokens facing potential further declines. Despite these setbacks, both remain among the largest meme coins on Solana, with BONK positioned second and WIF closely following.

Analysts suggest that WIF could surge to $1.99 and BONK could reach $0.0000398, though both are still exposed to additional declines. The potential for recovery depends on broader market improvements and vigilant monitoring of market trends and price movements.