Altcoins News

Story: Dogecoin, Shiba Inu, and Pepe Lose Ground as Memecoin Hype Fades

By Bruce Buterin

1 / 15

What happened. Dogecoin, Shiba Inu, and Pepe are all sliding. The drop hasn't turned into a full-blown crash yet,…

2 / 15

The historical context. It's not the first time. Back in 2021, Dogecoin went on one of the wilder rides in crypto history…

3 / 15

Why it matters. The correction isn't just a number on a screen. It carries real strategic weight for anyone…

4 / 15

What to watch. A few things are worth tracking closely right now.

5 / 15

The volatility of memecoins like Dogecoin, Shiba Inu, and Pepe raises an interesting paradox: how do digital assets built almost entirely on humor and social buzz hold any value…

6 / 15

Dogecoin, Shiba Inu, and Pepe are all sliding. The drop hasn't turned into a full-blown crash yet, but it's getting close to the technical support levels traders watch pretty…

7 / 15

It's not the first time. Back in 2021, Dogecoin went on one of the wilder rides in crypto history — social media buzz, Elon Musk tweeting, retail traders piling in.

8 / 15

The correction isn't just a number on a screen. It carries real strategic weight for anyone holding these tokens or trading around them.

9 / 15

Retail investors are probably the most exposed here. The allure of quick gains pulled a lot of people into Dogecoin and Shiba Inu who had never traded crypto before.

10 / 15

More context: 34 Million SHIB Burned but Shiba Inus Burn Rate Keeps Falling

11 / 15

Dogecoin's market cap over the next 60 days is one of them. A drop below $6 billion would be a pretty clear signal that confidence isn't just wobbling — it's breaking.

12 / 15

Shiba Inu's transaction volume matters too. Sustained low levels would basically confirm that investor interest has shifted toward projects with more substance.

13 / 15

And for Pepe, social media sentiment indices are probably the most telling indicator. Pepe's whole story is tied to online culture — it rose because of meme energy and it'll fall…

14 / 15

Read also: Fenwick & Wests $54 Million FTX Deal Leaves a $525 Million Lawsuit Looming

15 / 15

Whether any of these three tokens can move beyond their meme origins is a real question. It's unclear what that would even look like for Dogecoin at this point, given how deeply…

The Currency Analytics

Want the full story?