Why are memecoins down today?

The #memecoins market is facing a sharp pullback. In the last 10 days, the total capitalization has fallen 21.5%, from $54.7B to $42.9B. 📉

📉 Dogecoin $DOGE : -2.5%

📉 Shiba Inu $SHIB : -2.13%

📉 Mog Coin MOG: -12%

Massive sell-off in $BTC and ETH are dragging down memecoins. will we see a recovery soon?

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