BlockBeats news, on August 12, according to GMGN data, the Solana chain meme token CWIF, developed by the same developers as TROLL, temporarily plummeted nearly 90%, with its market value dropping from $31 million to $3.48 million, and is currently reported at $11 million, with a 24-hour trading volume of $24.4 million.
CWIF was promoted by the widely followed crypto KOL @AltcoinGordon and @jayxbt2012, who called it the first sheep-themed token on pump.fun, emphasizing its connection with TROLL developers and the unique narrative of 'sheep wearing hats.'
BlockBeats reminds users that meme coins have little practical use, are highly volatile, and investment should be approached with caution.
