DOGE, SHIB, WIF$WIF

and other top meme coins have continued their declines today, with concerns about meme coin season rising amid volatile trading. This decline has combined with losses in the broader crypto market and shifts in market focus to create a pessimistic tone. Additionally, a recent Santiment report indicated that market interest has shifted away from meme coins, fueling concerns that meme season is over.

$DOGE


Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF), and other popular meme coins have continued to lose value over the past week. Santiment has spotted a trend that suggests investors’ attention is shifting to other altcoins in the sector. In an X post, Santiment highlighted a significant shift in crypto market sentiment. According to the report, investor sentiment has declined rapidly over the past two weeks, which is in line with the choppy trading recorded in the broader crypto market.

Santiment also noted that the interest in meme coin season has waned and altcoins have declined along with market corrections. This suggests that investors are refocusing on Bitcoin. Santiment viewed this trend as a healthy market cycle, noting that the current “blood on the streets” scenario presents an opportunity for patient investors. The FUD (fear, uncertainty, doubt) in the crypto market and the recent price pullbacks could create a critical buying opportunity for investors.


Today, a decline was recorded across the meme coin segment. Dogecoin lost about 2% to $0.3164, while its trading volume decreased by 24% to $4.16 billion. DOGE fluctuated between a peak of $0.324 and a low of $0.3033. According to CoinGlass data, DOGE futures open interest also fell by 6% to $1.95 billion. However, analyst Ali Martinez made a short-term bullish forecast for Dogecoin. Referring to Dogecoin’s historical performance, Martinez stated that if history repeats itself, the price could rise to $18.

Shiba Inu and Token Burning$SHIB


Shiba Inu (SHIB) price is down over 1% today, falling to $0.00002183. Its one-day trading volume is also down 23% to $678.92 million. However, the latest Shibburn data shows a notable development. Shiba Inu’s burn rate has increased by 404% in the last 24 hours. This indicates that the price may increase in the future. Token burns can increase the value of assets by reducing supply.