dogwifhat faces pressure despite strong memecoin market share – Why? – BitRss

• WIF claimed 16.80% of memecoin trading volume despite a 20% weekly decline, maintaining a second position in sector activity.
• The Long/Short Ratio at 0.7721 signaled bearish sentiment, with 56.43% shorts.

Despite recent market pressures, the memecoin sector continued to evolve rapidly in 2025, with dogwifhat [WIF] token maintaining its position among the leading players.

WIF’s performance offers insights into the broader memecoin ecosystem dynamics as new entrants and established tokens compete for market dominance.

WIF dominates memecoin trading activity

According to data from Dune Analytics, WIF has maintained a prominent position among top trending memecoins in recent days.

The memecoin trading volume to circulating market cap ratio reached new heights on the 22nd of January, with the newly launched TRUMP ($26.57) coin capturing 37.43% of activity, while WIF secured the second position at 15.56%.

Recent data shows TRUMP’s share has decreased to 29.43%, while WIF has ex…