There are signs of recovery in the meme coin sector even though Bitcoin and Ethereum are still down. Dogwifhat (WIF) and Floki Inu (FLOKI) are showing positive rallies. WIF's price surge is likely due to whale activity and FOMO. FLOKI is finding support from analysts who believe it could see a significant price increase. However, traditional meme coins like Dogecoin and Shiba Inu haven't recovered yet.

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