Memecoin leaders are bleeding out today.
→ PENGU fell ~6%
→ BONK dropped 7–8%
→ SPX lost 8%, and even FARTCOIN shed ~6%
→ DOGE, SHIB, and PEPE each slipped around 5%
The culprit wasn’t just memes, it was majors, as BTC and ETH weakness pulled beta plays down with them.
Volumes stayed strong though, with SPX trading ~$49M and FARTCOIN over $200M.
This looks less like collapse, more like beta bleed, and when majors steady, memes usually snap back fast.