WIF Token Drops 7.81% to $0.791 Amid High Volatility and $245M Trading Surge

WIFUSDT has experienced a notable decline over the past 24 hours, with the price dropping 7.81% to $0.791 on Binance. This price change is primarily attributed to sustained bearish momentum, as indicated by technical indicators such as MACD and RSI, and reinforced by consistent selling pressure highlighted in recent market analyses. The asset has faced sharp price swings and failed to maintain gains from a brief rally earlier in the week, with the broader sentiment shifting negative amid high volatility typical of meme coins. Additional downward pressure is linked to the asset’s correlation with broader market movements, particularly the performance of Bitcoin and the Solana ecosystem.

Currently, WIFUSDT is trading at $0.791 with a 24-hour trading volume exceeding $245 million and a circulating supply near 1 billion tokens. The token has seen a weekly decline of over 24%, with recent sessions marked by significant volatility and strong trader interest, as reflected in high trading volumes and wide intraday price ranges.