After Bitcoin drops below $70K , we are seeing a rapid sell-off in meme coins. This morning, I noticed that Dogecoin is trading near $0.10, which is about 0.30% lower than yesterday. A few days ago, it reached the $0.104 level, but from there the buyers pulled back and now it has gotten stuck again in a triangle pattern.

Shiba Inu’s situation looks even weaker. Shiba Inu price is currently around $0.00 and is down 1.24% over the past 24 hours. Interestingly, there has been a huge surge in token burn activity—within a few hours, the burn rate increased by as much as 8000%, and 3.8 million SHIB has been taken out of circulation. But even this rally is weakening in the face of negative market sentiment. Shiba Inu price may find support at $0.00000526, but if Bitcoin sees further weakness, that support could break too.

PPC is also part of this downturn—trading around $0.00000334 and momentum looks quite weak. In fact, whenever Bitcoin makes a big move like this, these smaller meme coins get hit the hardest because they rely entirely on market sentiment. For now, everything depends on Bitcoin’s next direction.