**Memecoins Take a Dive: A Ruff Day for DOGE and Friends 🐶**

- Memecoins, including Dogecoin (DOGE) and Shiba Inu (SHIB), saw their market cap tumble to $119.6 billion on Dec. 10, marking a three-week low.

- DOGE led the losses, dropping 5.6%, while SHIB wasn't far behind with a 10.4% dip. Meanwhile, Pepe (PEPE) bucked the trend with a 1.7% gain.

- Open interest in memecoins also fell, with DOGE's OI down 20% to $3.1 billion.

- The crypto market saw $1.7 billion in leveraged positions liquidated, with DOGE and SHIB longs taking a significant hit.