Why is WIF and PEPE the first choice for bottom fishing after a big drop?
Let's talk about Hat Dog WIF$
This year, the SOL chain has produced many meme tokens at the billion level, especially BOME, which unexpectedly surged on the third day after launching, making some people wealthy.
BONK launched even earlier and is considered an older meme on SOL.
If we choose from the perspective of trading new tokens rather than old ones, the first new meme under the SOL chain is BOME, followed by WIF and lastly BONK.
But from a market capitalization perspective, WIF is over 2 billion, BONK is over 1 billion, and BOME is over 400 million. Personally, I tend to be conservative and prefer larger market caps.
Looking at the number of address holders and the amount of profit, BOME had more early holders and profit, while WIF did not have as much holding and profit compared to BOME and BONK in the previous round.
Overall, WIF appears to be more favorable.
So, this is the reason I have been emphasizing WIF as the first choice for bottom fishing after a big drop, and the reason for allocating WIF.