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I just noticed that the meme coin market is currently quite gloomy. Dogecoin, Pepe, Shiba Inu are all under pressure as Bitcoin fluctuates strongly. However, the interesting thing is that the latest data shows DOGE is showing signs of recovery with a 7.28% increase in 24 hours, trading around $0.11 - far from previous times when it was pulled down to $0.0904.
Shiba Inu also unexpectedly increased by 2.27%, despite a period of quite tense activity beforehand. Notably, the token burn rate of SHIB remains very strong, with over 3.8 million tokens taken out of circulation. This is usually a positive long-term signal, but the market still depends on Bitcoin's movements.
BTC is currently at 76.69K, up slightly by 0.22%. It seems that recent geopolitical concerns have lessened their impact on investor sentiment. Pepe is still sideways, but if Bitcoin continues to stabilize, these meme coins may regain their upward momentum. The meme coin market is always sensitive to Bitcoin's moves, so closely monitoring what happens next is essential.