The following viewpoints come from Shuqin, and I agree with them very much. I repost them here. Yesterday, I also reminded the community to escape the top MEME.

PEPE and WIF in the local dog sector collapsed! BOME fell! What happened?

PEPE surged 50% before because of the meme stock GME. As we said a few days ago, GME collapsed and plummeted 30% every day. Therefore, meme coins such as WIF and PEPE performed particularly weakly in this round of currency circle surge. They rose because of GME and fell because of GME. It was fair. BOME also had bad news yesterday saying that the team left, but it was unconfirmed.

BOME went online too quickly and did not undergo a strong wash to absorb funds, so it began to adjust weakly after rising.

Another reason is that the rise of mainstream coins will reversely suck the blood of local dog coins. When Bitcoin stops rising, the hot money will rush to local dog coins again, so give the meme sector some time.

For WIF, I am more concerned about the strong support of 2.3 and the integer mark of 2.5, while for PEPE, I would buy some at 0.09 and 0.085. BOME is very attractive around 0.1.