Meme coins are losing momentum, as seen in the declines of SHIB and DOGE, which have dropped 6.40% and 5.18% respectively in the last 24 hours. One theory attributes this to the rising popularity of Solana, while another suggests it is a temporary correction before prices rebound. Sentiment in the meme coin market is neutral, with the overall market cap down only 4.98%, although 24-hour trading volume is up 32.55%.

The meme coin sector's performance has cooled compared to data services and DePIN. This is concerning since the sector had been experiencing significant upswings and attention, with tokens like BODEN and TRUMP also seeing declines of 11.86% and 14.09% in a day.

Bearish sentiments have emerged, as BTC and ETH have experienced similar phases. Bitcoin is expected to surpass $84,000, and Ether could move above $4,000 soon. Bitcoin’s fluctuations are a natural reaction, while Ether's movements are influenced by speculation around the approval of a Spot Ether ETF.

Meme coins rely heavily on social media popularity, but social trends are declining despite community enthusiasm. The weighted sentiment for DOGE and SHIB has grown, indicating that while the number of comments has decreased, positive sentiments remain strong.

SHIB and DOGE are vying for market cap leadership. Dogecoin leads with over $22 billion, while Shiba Inu follows with over $14 billion, aiming to close the gap and potentially surpass DOGE. This could take a few years, but SHIB holders remain optimistic.

Other meme coins like PEPE, WIF, and BONK have also seen significant declines, with PEPE down 6.51%, WIF 9.80%, and BONK 9.60% in the last 24 hours.

BTC and ETH are slowly retracing to lower values, with BTC below $68,000 and ETH under $3,700, both at critical resistance levels needed for further rapid upswings.