📉 Memecoins like Dogecoin, Shiba Inu, and Pepe are having a ruff day, underperforming the market with an 11% drop in total market cap. The daily trading volume has increased 79%, indicating strong sell-side pressure. Dogwifhat took the biggest hit, losing 14.55% of its market value. Reasons for this meme-orable crash include a weakening market structure and declining trading volume. Over $434 million in leveraged positions were wiped out in the past 24 hours, with DOGE and SHIB accounting for the majority. So, if you're a memecoin holder, brace yourself for some potential turbulence ahead! 🎢