Billion-Dollar Solana-Based Memecoin Is ‘Going to Zero’ Against Dogecoin, Warns Top Crypto Trader

A widely followed crypto analyst says that one Solana (SOL)-based meme asset with a $1.89 billion market cap is going to zero against Dogecoin (DOGE).

In a new strategy session, pseudonymous crypto strategist DonAlt tells his 637,200 followers on the social media platform X that even though memecoin dogwifhat (WIF) could bounce soon against DOGE, it’s ultimately going to zero against it.

“Told everyone who wanted to hear that this was the ‘safest’ trade to take if you wanted to be hedged. Think that’s not the case anymore, think short-term WIF could bounce against DOGE. Generally think WIF is going to zero against DOGE though so relief would be temporary in my opinion.”

According to DonAlt’s chart, WIF/DOGE should careen all the way down to zero dollars sometime during the second half of 2025. DOGE is trading for $0.309 at time of writing, a 10% drop in the day while WIF is valued at $1.98, a 12% dip during the last 24 hours.

Moving on to smart contract platform Ethereum (ETH), DonAlt says that if the top altcoin fails to hold the $2,900 price point as support, then investors have been tricked by the “worst cycle” ever.

“Didn’t think it would still come but here we are, looks decent around $2,900 in my opinion. We start losing that and we all got bamboozled and this is the worst cycle in crypto history.”

Ethereum is trading for $3,339 at time of writing, a 5.6% decrease on the day.

Generated Image: DALLE3