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With the shift in investor sentiment, meme coins including Pepe, Dogecoin, and Shiba Inu experienced a significant decline, with Pepe dropping by 9% to approximately $0.0000058. The total market capitalization of the entire meme coin category decreased by about 4% to $44.9 billion, while smaller coins like Fartcoin saw a decline of around 13%. This correction reflects profit-taking and increased investor interest in privacy-focused cryptocurrencies.