🐋 Whale Sell-Off: Last week saw meme coins like WIF and PEPE endure significant sell-offs, with WIF plunging by 25% and PEPE facing an 18.5% drop. POPCAT, another Solana-based meme coin, also plummeted by 34%, adding to the market chaos.

📉 Influence of Whales: Reports from Lookonchain and Spot On Chain shed light on whale activities impacting meme coin prices. A whale offloaded 1.7 million WIF at a loss, triggering a price dip and affecting other meme tokens like BONK. Another whale incurred losses selling WIF and POPCAT. Additionally, a PEPE whale's deposit on Binance contributed to a 6% price drop.

❓ Investor Concerns: These events raise questions about the recovery prospects for meme coins like WIF and PEPE. Investors wonder about the strategies major token holders will employ to navigate the current market volatility and potential losses.