Attention is turning to whether a recent surge in social media discussion around WIF can translate into renewed trading interest, as data shows a drop in both new traders and overall volume.

WIF lags behind other memecoins

The asset's price declined by

↘8%

over the past week. While WIF posted a

↗3%

gain over the last month, it significantly trailed the

↗14%

average return for the broader memecoin category in the same period.

Trading activity shifts to larger wallets

Fewer retail participants appear to be engaging with the asset, as the number of new traders fell by

↘18%

and unique traders dropped by

↘25%

in the last day. In contrast, onchain data shows large wallets now control nearly half (

48.50%

) of the total trading volume.

Social media buzz does not match trading activity

WIF saw a

↗255%

surge in social activity over the past week. However, this increased discussion did not correspond with market activity, as daily trading volume fell by

↘53%

.