When Bitcoin's rally fizzled out, the meme coin party came crashing down too. After that brief spike above 97k mid-January, the continuous decline and sharp drop this morning wiped out a lot of gains for the newer meme coins that had been riding high during the rebound. The market correction hit different coins at different speeds, but the newer ones took the heaviest hits. PEPE dropped nearly 10% in a day and is now down 28% from its January peak. BONK fell over 10% in 24 hours, sitting 30% below its January 6 high. FLOKI slipped 8.85% daily and is down 27.6% from its January highs. But some got absolutely hammered. WhiteWhale tanked 32% in one day and is now 75% below where it peaked on January 10. RALPH fell 22% and lost 60% of its value since January 17. Fish is basically wiped out, down 94% from its January 8 high after a brutal 54% drop in 24 hours. Even the ones with the funny Chinese names got crushed. Wo Ta Ma Lai Le dropped 8%, now 65% lower than its January 10 peak. Lao Zi fell 24% in a day and is down 86% from January 13. Ren Sheng K Line lost 18% daily and sits 85% below its January 10 high. Only An managed to stay slightly green with a 7% gain, though it's still 41% below its January 14 peak. Ku Ku Ma fell nearly 10% and is down 58% from mid-January. This market correction shows why newer meme coins are such a gamble. The bigger, established ones like PEPE and BONK are holding up better, but the fresh tokens that just launched during the hype? Those are getting absolutely demolished.