The Solana memecoin cycle is going through a sharp correction, and Dogwifhat’s price has become a good barometer of that move. After touching an all-time high around $4.5–$4.8 in March 2024, $WIF now trades near $0.40, with a market cap close to $400 million and almost 1 billion tokens in circulation.
The picture is typical of a memecoin that came out of nowhere, exploded, became a niche reference, and now lives with a much heavier chart. As the price kept losing support zones around $0.76 and, more recently, between $0.50–$0.46, many analysts started to see WIF less as Solana’s next rocket and more as an asset going through a redistribution phase.
Some traders are taking profits, others keep trying to buy the bottom, and a growing group simply chooses to move capital into earlier-stage narratives in search of better asymmetry. This is especially true after two years in which almost every new crypto presale repeated the same formula of multiple rounds and oversized private allocations.
This is exactly where FROGE steps in. Instead of being just another memecoin with an early sale and hidden seed round, the project launched on Solana on November 18 via a fair launch, with no presale and no insider allocation. The token went straight to the open market, with on-chain price discovery from the very first trading block.
At the same time, the team anchors this model in its own entertainment app, FROGE 69mg, which blends augmented reality, 3D avatars, and live game shows. For traders reassessing their WIF position, this mix of a more symmetrical launch with an evolving product helps explain why the frog has started sharing screen time with the beanie-wearing dog on traders’ dashboards.
FROGE: Meme, AI, AR, and Entertainment
FROGE is not trying to sell itself as the next WIF or as a recycled version of DOGE, SHIB, or PEPE. The idea is different: to acknowledge that the memecoin market has turned into a stage of inflated volume, manufactured narratives, and dopamine cycles, and then turn that stage into an open arena where the community steps in using digital masks instead of their own faces.
Instead of stopping at a token blinking on a price chart, the project is built as an entertainment layer that uses AI, AR, and digital identities to stack meme, product, and social experience into a single package.
The starting point is the fair launch. $FROGE debuted on Solana on November 18 with a simple model. Rather than months of off-chain fundraising followed by DEX and CEX listings with most of the upside already captured by early checks, everyone comes in through the same on-chain door.
The price is born directly in the order book, and the tug of war between buyers and sellers starts from the same point for both large and small participants. On top of that, the project’s AI layer works as a creative engine. Tools connected to the ecosystem help generate memes, short scripts, videos, and in-universe puzzles.
Instead of relying only on Twitter and Telegram to keep the fire burning, the app itself becomes a continuous content source, with recurring characters, inside jokes, and public leaderboards showing who plays the most, who creates the most, or who brings in the most viewers.
To tie user behavior to the economic core of the project, FROGE uses a points system called FROINTS. Users who show up on live shows, complete missions, create content, or bring in audiences accumulate FROINTS, which grant access to special events, identity upgrades, more influential NFTs within the storyline, and benefits linked to the main token in campaigns defined by the team.
In other words, there is a clear loop:
- Attention – more people are watching and commenting.
- Participation – more FROINTS, upgrades, and digital rewards.
- Ecosystem – more demand for assets tied to the FROGE universe.
$WIF Loses Key Support Zones On The Solana Meme Board
Dogwifhat is currently sitting on a market cap in the $400 million range, with its circulating supply virtually complete at around 999 million WIF. That means the asset now shows the classic chart of a memecoin that has already made its big run. It went from pennies to highs of a few dollars per token and then gave back more than 90% from the top, leaving late entrants much more exposed to downside volatility.
In recent months, the key point has not just been the absolute price level but the support areas WIF has been unable to defend. Technical analyses throughout 2025 highlighted zones like $0.78 (a higher support in the middle of the year), followed by a critical region around $0.55, which many saw as a line in the sand to avoid deeper drops.
What actually played out was a sequence of breakdowns. First, WIF failed to hold above $0.70. Then it gradually lost strength around $0.55. Finally, it recently failed to stay above support in the $0.48-$0.50 band, which opened the door for the price to slide down toward $0.40.
When a highly speculative asset loses multiple support levels in a row, what becomes visible in the order book is a clear change in trader behavior. A portion of the market starts to see any short-term bounce more as an opportunity to exit than to accumulate.
In WIF’s case, this shows up as sharp rejections near intermediate resistance zones. Recent moves around $0.49-$0.50 quickly attracted profit-taking as soon as the price touched those levels. The result is a chart with lower highs, lower lows, and volatility concentrated in selling spikes.
Conclusion
Looking at the full picture, WIF’s chart in 2025 is signaling that the asset has already completed the easiest part of its journey. With the price of $WIF stuck in place, the story shifts from a meme in ascent to a meme in redistribution. That does not mean WIF is dead, but it does suggest that most of the asymmetry present in the early months has already been captured by those who got in long before the mainstream.
At the same time, FROGE’s fair launch on Solana, combined with the development of the FROGE 69mg app, offers exactly the kind of combo many memecoin traders say they are looking for in this cycle. A more level playing field at entry, a strong narrative, and a concrete entertainment product layer, not just a catchy logo hunting for listings.
For anyone looking at a portfolio today and seeing WIF stuck below former support levels, the practical decision is not a simple all-in or all-out. The more rational move is usually to rebalance exposure. That can mean holding, trimming, or fully exiting WIF depending on personal risk appetite and, if it makes sense, reallocating a controlled portion of that capital into emerging narratives such as FROGE.
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