The cryptocurrency market is known for its unpredictability, and meme coins have been particularly volatile. After a recent surge, these coins have started to decline, with notable losses seen in Dogecoin (DOGE), Shiba Inu (SHIB), PEPE, and WIF. This downturn has raised concerns among investors, who are now cautious about the future of these coins.

Dogecoin, one of the most popular meme coins, has experienced a significant decline of 2.39% in the last 24 hours, bringing its price down to $0.1209. The 7-day price outlook for DOGE indicates a 2.91% decline, while the last 1-hour review shows a 0.33% decrease. Despite this, DOGE maintains a market cap of over $17.5 billion, with a trading volume of $283 million.

Shiba Inu, another prominent meme coin, has also experienced a decline of 2.62% in the last 24 hours, bringing its price down to $0.00001669. The 7-day price movement for SHIB has also reached 8.20%, indicating a significant loss. SHIB's market cap continues to decline, currently standing at $9.834 billion, with a trading volume of $113 million.

PEPE, which achieved consecutive all-time highs last June, has lost all its gains. The decline in PEPE over the last 24 hours has reached 5.93%, bringing the price down to $0.00001101. The positive outlook in the weekly view has also ended, with the 7-day price movement being negative at 6.69%. PEPE's market cap has also fallen below $5 billion, currently standing at $4.632 billion.

In conclusion, the downturn in meme coins has raised concerns among investors. While some coins like WIF have maintained a positive outlook, others like DOGE, SHIB, and PEPE have experienced significant losses. The cryptocurrency market is known for its unpredictability, and investors must be cautious when investing in these coins. As the market continues to evolve, it remains to be seen how meme coins will perform in the future.