Dogwifhat ($WIF), a Solana-based memecoin, has seen its price plummet to around $0.40, down from its March 2024 peak of $4.5 to $4.8. With a market cap of approximately $400 million and nearly 1 billion tokens in circulation, $WIF is perceived by analysts as entering a redistribution phase rather than continuing its previous upward trajectory. The failure to maintain support levels at $0.78 and $0.55 has led traders to view short-term rallies as opportunities to exit rather than invest. In response, many traders are shifting their focus to FROGE, a new project on Solana that launched on November 18 without a presale or private allocation. FROGE integrates memes, AI, AR, and entertainment through its 69mg app, offering a more engaging model for users. The project incentivizes participation with a points system called FROINTS, aiming to foster ecosystem growth and attract traders seeking alternatives to $WIF.