POPCAT and Dogwifhat (WIF) Post Weekly Outflows: Here’s Why

18 May, 2024 Updated 17 Jul, 2025

By David Pokima

Crypto Journalist

Expertise : Finance/Crypto Journalist

David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.

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Popular meme coins, Dogwifhat, and POPCAT are trading negative gains by the market with weekly outflows amid a wider market bullish momentum. A glance at the market shows Bitcoin (BTC) and altcoin prices in the green zone as market sentiments rebound.

The recent inflows recorded in crypto assets are heightened towards memecoins based on the volatility of coins rallying across community spaces. At press time, the crypto market capitalization stands at $2.42 trillion, a 3.13% increase in the last 24 hours. Meanwhile, meme coins have surged 1% to $56.4 billion.

Dogwifhat and POPCAT Face Road Block

Both assets are the only two meme coins with negative flows in the top 10 assets list by market capitalization. Dogwifhat trades at $2.83 after posting daily losses of $0.5%. Its daily range was at a low of $2.80 and a high of $2.95. Intraday trading remains low as the recent corrections continue amid a bullish market sentiment.

Dogwifhat’s bearish sentiment has extended to 3.3% weekly losses although monthly flows are green. Daily volumes are also low for the asset amid a jump in other tokens. The asset’s daily volume is at $416 million while its market cap fell to $2.8 billion.

POPCAT is down 2.1% in the last 24 hours extending weekly exits to 7.4% as sentiments around the asset continue to plunge. The assets market cap stands at $444 million while daily trading volumes fell to $36.8 million. POPCAT trades at $0.4504 today.

WIF Sees Bearish Sentiment

Dogwifhat has seen a 33% decline in trading volumes as bears take over the market. Technical indicators for WIF and Popcat also point downward amid reduced figures. Analysts believe the asset bulls haven’t picked up from the renewed surge in the market.

Crypto assets witnessed significant inflows this week after the release of positive CPI numbers signaling a fall in inflation and the reduction in interest rates. The first rate cut could come in September depending on inflation figures ushering in a bull drive as investors send funds into the market.

Also Read: 3 Meme Coins With 100X Potential Today

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Dogwifhat (WIF)

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.