Memecoins have shed $108.7 billion in 14 days, with their market cap falling to $25.76 billion, representing approximately 3% of the total altcoin market. Dogecoin, Pepe, and Shiba Inu have declined by 57.92%, 39.15%, and 49.37% respectively over the past year. Selling pressure continues to grow as the Altcoin Season Index drops to around 55, suggesting traders are exiting the segment. However, the Fear and Greed Index stands at 59, signaling a greed phase, and $35.92 billion has returned to the market between October 18 and 19, offering potential for recovery.
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