Dogwifhat (WIF) has staged a recovery following significant withdrawals of $40 million and an uptick in short positions. Despite a broader market correction that saw Bitcoin dip from $61,000 to under $59,000, Dogwifhat remains resilient. The Solana-based memecoin stands strong, showing promising growth potential as the market aims for stabilization.
The recovery of Dogwifhat points to the growing confidence in the asset and its ability to withstand market volatility. While many other coins struggled, WIF's performance exemplifies the potential for recovery even after substantial market setbacks.
