$WIF Weathers Memecoin Market Downturn as $GFOX Soars to $5 Million

Memecoins are getting destroyed after the Bitcoin price correction that's shaken the general crypto market. $SHIB saw a 20% price downturn following despite the Shiba Inu burn rate, as other Solana coins like $BONK sank by 30% or more. Meanwhile, $WIF has managed to hold on to most of its 60% price increase following the sale of its inspiration image as an NFT. Similarly, $GFOX powers on, blasting past the $5 million mark in its ongoing presales. This rapid growth has made $GFOX one of the best meme coins to buy.

$WIF Price Still Up 20% Weekly, Dogwifhat's Photo Sells as NFT for $4.3 Million

The Solana-based meme coin Dogwifhat ($WIF) has managed to stay relatively strong, despite the memecoin market slaughter. This rise was spurred by the sale of the original image that inspired the token. 

The image was sold as an NFT for $4.3 million in Ether, paid by Web3 pioneer Global Coin Research. Moreover, Elon Musk has continued to make comments on X about the meme coin adding fuel to the fire. These combined factors have propelled $WIF's market capitalization to $3.21 billion.

Industry experts have expressed optimism about the token's potential. They see the token potentially rallying all the way to $10. Furthermore, a successful fundraising campaign raised $650,000 to display the Dogwifhat logo on the Vegas Sphere for a week. This is also expected to increase its visibility and potentially drive further price increases. 

$SHIB Sinks 20% as Burn Rate Rose by 2,367%

$SHIB was showing signs of a strong recovery after the recent Bitcoin correction, but has since dropped by over 20% as memes are taking severe punishment in this most recent market pull-back.

The price drop came despite a massive spike in the Shiba Inu burn rate, revealed by the meme coin's burn tracker, Shibburn. In just 24 hours, the burn rate soared by 2,367%. A staggering 186 million tokens were burned in the process.

The surge in burning activity has significantly boosted market optimism surrounding Shiba Inu. The community's continuous efforts to improve the token's underlying economics are paying off. With the recent upward price movement, analysts predict that $SHIB could break the $0.00003 mark. 

$GFOX Continues its Dominant Surge, Surpassing the $5 Million Milestone

Galaxy Fox is experiencing remarkable success in its ongoing presale, soaring past the $5 million mark. Investors eagerly secure their positions in anticipation of significant gains. The project's innovative token design is redefining expectations. It has broken presale funding records and demonstrated its immense potential as a unique blend of meme coin and GameFi elements.

Galaxy Fox offers a comprehensive ecosystem with a play-to-earn game which opens up avenues for expansive growth. Staking rewards transform $GFOX holders into invested stakeholders, while players engage in NFT trading within the marketplace. To cap it off, the top 20 players at the end of each season share in a lucrative prize pool.

The protocol's token burn mechanism drives value through scarcity and the taxation system supplies the staking rewards. $GFOX is heading towards its retail launch at a breakneck pace. Soon staking rewards will materialize, the P2E will go live, and the token burn will activate. 

>>BUY $GFOX TOKENS<<

Conclusion

Memecoins are seeing extreme volatility in the midst of the Bitcoin price correction that's affected the broader crypto market. The Shiba Inu team's token burn increased by a staggering 2300%, yet $SHIB has since fallen by 20%. $WIF has escaped the worst of the carnage with a 20% weekly price appreciation following the sale of the original picture that inspired the token as an NFT. $GFOX shows no signs of slowing down, rocketing past the $5 million mark in its unstoppable rampage.

Join $GFOX presale now to avoid missing out on its explosive growth. Visit the website to buy the token, and join the teeming telegram community to get more updates.

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