#MemecoinSentiment The downtrend has also affected the seven new meme coins.$PEPE currently ranked among the top 30 cryptocurrencies with a market valuation of more than $5 billion is down 16% and 22% in the past day and week, respectively. Similarly, $SHIB has experienced a 7% decline in the past day to trade at $0.0000183.This cryptocurrency is making a name for itself with the famous image of a Shiba Inu wearing a wool cap. In December 2023, its capitalization rose from less than $1 million to more than $350 million in just a few weeks.