"Meme Coin Meltdown: Is It Time to Sell SHIB, WIF, and PEPE?"

The memecoin sector, including SHIB, WIF, and PEPE, experienced significant losses following a market-wide depreciation triggered by Bitcoin's fall. WIF saw the largest decline at 21.33%, while SHIB and PEPE dropped by 12.50% and 19.23% respectively. WIF dominated social media activity, while sentiment for SHIB and PEPE remained relatively positive. However, traders were bearish towards PEPE, with 52% taking short positions. The future of memecoins depends on their ability to gain popularity and attention on social media.