Memecoin Market Pulls Back After Sharp Surge — Here’s What’s Driving The Dip

TL;DR: The meme cryptocurrency sector recorded a 4% drop in 24 hours, placing its total capitalization at $31.61 billion following a brief rally. Popular assets such as Pepe Coin (PEPE) and Shiba Inu (SHIB) lead the losses with declines of up to 5.61%, while Dogecoin (DOGE) holds in the green.