Dogwifhat and Myro, two dog-themed memecoins on Solana SOL/USD are down 50% and 30% respectively from their highs set in the last week. This marks a significant underperformance compared to more established meme coins like Dogecoin DOGE/USD and Shiba Inu SHIB/USD.

What Happened: Shiba Inu and Dogecoin notably outperformed their Solana-based rivals, with only modest losses of 9.6% and 5.4% respectively over the last week.

Dogwifhat and Myro have been show-stoppers on Solana in the past two months: Dogwifhat ran to over $400 million in market capitalization in less than three months, while Myro was tipped to be “the $SHIB of this bull run.” 

This led to Binance listing $WIF for…

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