A leading crypto strategist reckons dogwifhat (WIF) is on the brink of a 350% surge. Bluntz, a pseudonymous analyst, shared this bold prediction with his 265,200 Twitter followers. Bluntz bases his forecast on the Elliott Wave theory. This theory suggests bullish assets typically experience a five-wave rally after an ABC corrective move. WIF currently trades at $2.21. Bluntz believes its ABC correction is done and dusted. He's betting on a massive upswing. "$10 WIF is coded by law," Bluntz declared. He added, "Once it starts properly going, do you think all those people who missed the last run from cents to $5 are going to miss round two? Not a chance." But WIF isn't the only memecoin on Bluntz's radar. He's also got his eye on Floki (FLOKI). Bluntz reckons FLOKI has wrapped up its ABC correction. He predicts a rally to a new all-time high around $0.00045. The analyst spotted a bullish divergence on FLOKI's daily chart. This could signal a trend reversal. "Floki is right up there as one of my favorite memes at the moment," Bluntz stated. He added, "Clear as day macro ABC structure done, five waves clearly visible within the C and high time frame [bullish divergence] at the lows. All-time high en route, in my opinion." FLOKI currently trades at $0.00019. Bluntz's third pick is Popcat (POPCAT), a Solana-based altcoin. He's bullish on POPCAT after it broke through its last resistance level at $0.72. These predictions might seem far-fetched. But in the wild world of crypto, stranger things have happened. Only time will tell if Bluntz's crystal ball is on the money or if these memecoins will end up in the doghouse.

The meme coin market experienced significant turbulence this week. Top tokens saw dramatic price fluctuations. News events and community actions drove these changes as always, but meme coins also took heavy hits from the outside world. Dogecoin (DOGE) stumbled initially. An Elon Musk tweet failed to spark enthusiasm, causing a 5% drop. But rumors of an e-commerce partnership reversed the trend. DOGE closed the week up 3%. Shiba Inu (SHIB) made a strong comeback. A new DeFi integration announcement propelled it up 12%. Enthusiastic community support pushed SHIB to new weekly highs. Pepe (PEPE) was the week's most stable performer. It surged 18% after launching a new NFT collection. This move tapped into investor nostalgia and excitement. Then it went back to its usual positions. A newcomer, dogwifhat (DOGWH), turned heads with a 15% fall, that followed an amazing 20% jump. Viral social media posts fueled its rise. Fresh investors piled in, drawn by the buzz. Bonk (BONK) had a solid week, climbing 4%. A successful community giveaway event drove the increase. It showcased the power of grassroots initiatives in the meme coin space. Floki (FLOKI) went on a wild ride. A Viking-themed marketing campaign initially boosted it 7%. Profit-taking then led to a 5% dip. FLOKI still ended slightly up for the week, as vikings never surrender, you know. Brett (BRETT) saw a 10% uptick, and then rolled down for 3%. New partnerships with emerging crypto platforms enhanced its appeal. The vocal Brett community played a key role in sustaining momentum. Mog Coin (MOG) truly went through the wringer. It dropped 10% on negative sentiment, then rebounded 15% after launching a staking feature. Talk about a rollercoaster! Book of Meme (BOM) steadily gained 4%. Small but positive platform updates drove its performance. BOM's consistency continued to attract new investors. We love stability, of course. And we lack it so desperately. Dog (Runes) faced headwinds, dropping 8%. Market corrections and regulatory concerns were to blame, no doubt. Yet, the community remained upbeat about future developments. To sum up, this week's events highlight the meme coin market's unpredictability that goes far beyond the ordinary altcoins. But that's why we love meme coins, right? They are insanely fun and insanely risky. That's probably not what Satoshi intended for us, but who says we can't have fun while Daddy is away.

On-chain data reveals divergent strategies among memecoin whales. The largest dogwifhat (WIF) holder is expanding their position. Other major players are liquidating holdings in Pepe (PEPE) and Shiba Inu (SHIB). Blockchain analytics firm Lookonchain reports significant movements. The top WIF holder now possesses over 23 million tokens. They recently acquired an additional 2.3 million WIF. "The largest holder of WIF spent 4.65 million USDC to buy 2.3 million WIF at $2.03 [June 25th]," Lookonchain stated. This investor now holds 23.39 million WIF, valued at $49.6 million. Their total profit on WIF stands at approximately $83 million. WIF is currently trading at $2, down 3% in 24 hours. Another WIF whale, previously facing losses, has re-entered the market. Lookonchain noted, "This whale, who lost $4.63 million on WIF, spent 3.77 million USDT to buy 2.06 million WIF back after the WIF price rose." Their average purchase price is $1.83. In contrast, a major PEPE holder has reduced their position. Lookonchain reported, "PEPE whale capitulated and deposited 700 billion PEPE ($7.8 million) into Binance [June 24th]." The investor retains 800 billion PEPE, worth $9.23 million. Their total loss amounts to approximately $3.5 million. PEPE is trading at $0.00001254, down 2% in 24 hours. A SHIB whale has realized substantial profits. Lookonchain observed, "A whale deposited all 1.08 trillion SHIB ($18.4 million) to Binance [June 24th], making a profit of ~$8.3 million!" Funny thing is, this investor had withdrawn the same amount of SHIB in late 2023, at a cost of around $10.07 million. Now he has got a much bigger game, though. The whale's unrealized profit now peaked at $29 million during SHIB's recent high.

Dogwifhat (WIF) has fallen out of the top 50 cryptocurrencies by market capitalisation. The Solana-based memecoin saw a 38% price decline over the past week. No other crypto has fallen this drastically as long as we can recall. At list among top 100 cryptos out there. On June 23, Dogwifhat's market cap decreased 9% to $1.60 billion in just 12 hours. Dogwifhat now trades at $1.62. "Many people are talking about how WIF is in their accumulation zone, but I just checked the chart, and it doesn't seem like anyone is accumulating," noted crypto trader Blockgraze on X. Despite the drop, Dogwifhat remains the fourth largest memecoin by market cap, just below Pepe. The price decline has impacted futures trading. Open Interest has fallen 25% to $209.64 million over the same period, according to CoinGlass data. A 13% rebound to $1.81 would liquidate $13.53 million in short positions. This price point was seen just two days ago. The current sentiment contrasts sharply with recent optimism. On March 14, when Dogwifhat hit $3, Arthur Hayes predicted a rally to $10. "The hat stays on while I count to $10," Hayes posted on X. Hayes is the former CEO of BitMEX and current chief investment officer at Maelstrom. The dramatic shift in Dogwifhat's fortunes highlights the volatile nature of memecoins. It serves as a reminder of the risks inherent in cryptocurrency investments, especially in newer, less established tokens. Market observers will be watching closely to see if Dogwifhat can regain its position. The coming weeks may prove crucial for the memecoin's long-term prospects.