Meme Coin Market Plummets: Dogecoin, Shiba Inu, and Pepe See Significant Losses

The meme coin sector has experienced a major downturn, with its overall market capitalization dropping over 5% in the past day. Leading tokens like Dogecoin, Shiba Inu, and Pepe have extended weekend declines, mirroring a broader weakness affecting this segment of the digital asset market. Trading activity in derivative contracts related to these tokens has also thinned, indicating a decrease in speculative trading as traders close positions or wait for clearer signals before entering new trades.