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Weekly Market Review: WIF, ENS, RUNE, AR, PEPE
Release: 2024/08/06 23:42 Reading: 417
![Weekly Market Review: WIF, ENS, RUNE, AR, PEPE](/uploads/20240807/172296027166b2498f95dd6.png)
This Week's Market Update
Several cryptocurrencies have experienced price declines this week. The market downturn began on "Red Monday," leaving no gainers among the top tokens over the past seven days.
Top Losers
- **Dogwifhat ($WIF):** WIF has been the week's biggest loser, dropping 40% to $1.41. This decline is partly attributed to a significant whale sale of 14.53M $WIF on August 3rd, totaling $24M.
- **Ethereum Name Service ($ENS):** ENS has also suffered a 35% drop to $17.69. This price plunge follows a recent market downturn that weakened support for $ENS.
- **THORChain ($RUNE):** RUNE has had a 34.9% decline to $3.06. Analysts predict that RUNE may continue to correct until September due to a larger market cycle.
- **Arweave ($AR):** AR has dropped 32.68% to $20.54. Experts believe that Arweave is currently in a corrective phase and may see a market reversal by year-end.
- **Pepe ($PEPE):** PEPE has also fallen by 32.68% to $0.058141. This decline is likely related to a short-term correction that began on August 2nd, exacerbated by yesterday's market sell-off.
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