1Fuel (OFT) Surges as Investors Rebound from Meme Coin Losses

The crypto market is seeing a shake-up as DogWifHat (WIF) and BONK drop 20-25%, leaving investors looking for better opportunities.

Investors are shifting their attention away from meme coins like DogWifHat (WIF) and BONK due to their poor performance this week. As a result, attention is turning towards meme coins’ promising new counterpoint: 1Fuel (OFT). Now in its presale phase, 1Fuel has already seen 70% gains from its launch price, sparking interest among traders burned by meme coin volatility.

DogWifHat (WIF) encountered a setback as investors grew impatient over delays in its Las Vegas Sphere ad campaign. Despite raising around $700,000 from the community for the ad, its status remained uncertain. A report from Decrypt fueled concerns by stating that Sphere representatives denied any agreement.

However, the DogWifHat team responded, clarifying that negotiations were ongoing with a partner brand since WIF itself lacked corporate status. They reassured holders that if the campaign ultimately failed, funds would be refunded. While the team attempted to quell any fears, the delay in displaying the ad had already shifted market sentiment.

As uncertainty loomed over DogWifHat, traders began pivoting towards utility-based projects that offered real solutions beyond hype. In a changing market landscape, emerging tokens with strong fundamentals were gaining attention, akin to Solana’s tech-driven approach.

BONK also saw a shift in trader sentiment this week as holders began exiting the market en masse. The token dropped over 18% from Monday, slipping to a key support level around $0.00002200. Despite the price drop, trading volume surged, indicating a strong selling pressure.

A glance at the 1-hour chart showed that bears were in control, with the RSI indicator reading around 34 and signaling weakness. Moreover, the long/short ratio highlighted a preference for short positions, indicating that most traders were expecting further declines.

If BONK fails to hold above support, it could drop closer to the $0.00002000 level. On the other hand, a break past the $0.00002600 resistance may trigger some recovery.

With uncertainty growing in the meme coin market, traders were moving to projects that offered utility and safer investments. Unlike BONK, which was largely driven by market trends, 1Fuel was focused on building real solutions, making it a more stable option in a shifting market.

A key highlight was its one-click cross-chain transaction feature, which simplified digital asset transfers across multiple blockchains. Unlike traditional wallets that required switching between platforms, 1Fuel enabled seamless transactions within a single interface. This ease of use appealed to both experienced traders and newcomers seeking efficiency in managing crypto assets.

Additionally, 1Fuel’s upcoming crypto card was set to bridge the gap between digital and traditional finance. The card would allow users to spend crypto for everyday purchases while maintaining full blockchain security. With support for multiple cryptocurrencies, it provided a real-world use case that enhanced adoption and utility.

Currently, in its third presale stage, 1Fuel has raised over $1.78 million, with over 170 million tokens sold at $0.017 each. Analysts expected the token to deliver significant returns before listing on major exchanges, with long-term forecasts placing 1Fuel among the top DeFi presale projects for 2025.