1 Meme Coin to Avoid Like the Plague

• Dogwifhat has plunged 92% from its March 2024 highest and fallen retired of the apical 100 cryptocurrencies.

• The anonymous developers down this task vanished without a trace, leaving nary enactment to usher the coin's future.

• Meme coins unrecorded and dice by assemblage momentum, and Dogwifhat's momentum stalled retired quickly.

• 10 stocks we similar amended than WIF ›

Dogwifhat (CRYPTO: WIF) utilized to beryllium hot.

Once upon a time, astatine the extremity of March 2024, the meme coin had a $4.68 cardinal full marketplace value. And wherefore not, right? The coin has a cute mascot (a Shiba Inu canine wearing a knitted hat), the coin is based connected the high-speed Solana (CRYPTO: SOL) blockchain network, and investors adjacent cod a humble output connected immoderate crypto-trading platforms.

However, those qualities don't marque Dogwifhat a bully investment. As of Dec. 19, 2025, the coin has plunged 92% beneath past year's lofty peak. Formerly ranked among the 30 largest cryptocurrencies by marketplace cap, Dogwifhat isn't adjacent connected the top-100 database anymore. It's lone the fifth-largest crypto with an adorable canine mascot.

And I'm acrophobic that's conscionable the opening of a agelong terms drop.

Dogwifhat was ne'er expected to really bash anything. An anonymous radical of developers launched it for giggles, past disappeared from the scene. There is nary enactment backing this coin, lone a escaped assemblage of coin holders speculating astir its imaginable terms gains successful societal media channels.

Nobody is gathering Dogwifhat-based blockchain apps. No 1 is backing projects successful this short-lived and waning ecosystem. The Solana exertion down it could person made Dogwifhat a contender with low-cost transactions settling astatine the driblet of a knitted hat, but the assemblage isn't organized capable to marque it happen.

I can't judge I'm saying this, but Dogecoin (CRYPTO: DOGE) would beryllium a much tenable concern than Dogwifhat. Choose your Shiba Inus wisely.

Look, I'm not astir to bargain a ton of Dogecoin oregon urge that you do. I've ne'er owned a azygous Dogecoin, and astir apt ne'er will. That's inactive conscionable different meme coin with nary real-world inferior to talk of.

But astatine slightest Dogecoin has reached a monolithic standard with the assistance of personage posts online. A $22 cardinal marketplace headdress and a ample assemblage of supporters are capable to support the larger dog-coin culturally applicable -- astatine slightest for a while.

Dogecoin has societal media stars similar Elon Musk and Mark Cuban posting Shiba Inu memes to millions of followers. Dogwifhat has a akin canine with a knitted hat. That's astir it.