- Solana memecoins like WIF, PENGU, and Fartcoin have lost momentum, each dropping over 10% in the past week as hype cools.
- WIF trades at $0.88, stuck between resistance at $1.30 and support at $0.75, with volume down 22% and RSI signaling bearish control.
- PENGU and Fartcoin both slipped after recent highs, now consolidating with weaker momentum, reflecting fatigue across Solana’s meme sector.
The crypto market closed the week on a steady beat, but some of Solana’s favorite memecoins—Fartcoin, PENGU, and Dogwifhat (WIF)—are struggling to keep the hype alive. Investor attention seems to have shifted, with all three showing signs of fading momentum.
According to CoinMarketCap data, each of these tokens has shed at least 10% over the last seven days, a sharp reversal after weeks of speculative excitement.
WIF Stuck in No-Man’s Land
Dogwifhat, once the star of Solana’s meme scene, has taken an 11.7% hit this week. It’s currently trading at $0.88, far off its August 14 high of $1.06. The trouble started when WIF failed to push past the $1.30 resistance, leaving it bouncing between that ceiling and a support floor near $0.75.
Momentum indicators don’t look much better either. The Relative Strength Index (RSI) sits at 44, showing bears still have a grip. Trading volume has slipped 22% to $261.7 million, reflecting waning interest.
PENGU Slides After Record Run
PENGU, the token tied to the Pudgy Penguins NFT brand, is also cooling down. After touching an all-time high of $0.04662 on July 23, the coin has been carving a pattern of lower highs and lower lows.
This week alone, PENGU dropped 12%, now trading at $0.0331, down from its weekly high of $0.0412. Despite the dip, it still carries a hefty $2.08 billion market cap—proof the penguins aren’t sliding into extinction just yet, but the euphoria has clearly thinned.
Fartcoin Follows Suit
Fartcoin hasn’t escaped the pressure either. The token is down 13% in the last week, struggling to recover momentum after failing to retest its January high of $2.60.
Right now, Fartcoin’s price is consolidating in a tight band between $1.67 and $0.79, suggesting traders are waiting on a breakout before committing again. The consolidation mirrors PENGU’s slowdown—strong runs cooling into hesitation.
Final Take
After months of parabolic gains, Solana’s meme sector looks tired. With WIF, PENGU, and Fartcoin all giving back double-digit percentages in a week, traders may be waiting for the next catalyst before piling in again. Whether this lull is just a breather or the start of a deeper correction remains to be seen.
