The Meme Token CWIF experienced a big dump of nearly 90% in a short time, with its market capitalization falling to 3.48 million USD before rebounding.

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On August 12, according to GMGN data, the Meme Token CWIF on the Solana blockchain, developed by the same developers as TROLL, briefly fell nearly 90%, with its market capitalization dropping from 31 million USD to 3.48 million USD, currently reported at 11 million USD, with a 24-hour volume of 24.4 million USD. CWIF was promoted by the well-followed crypto KOL @AltcoinGordon and @jayxbt2012. BlockBeats reminds users that Meme coins generally have no practical use cases, and their prices fluctuate significantly, so investment should be approached with caution.

MEME0.61%
CWIF2.39%
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