Meme Coins Take Major Hit, Shedding Up to 12% Despite Epic 2021 Gains

• Meme coins like Bonk, Pepe, Dogecoin, and Shiba Inu have posted major losses over the past day, shedding between 7-12% • Despite the losses, meme coins are still up massively over the past year (Bonk up 3,400%; Pepe up 40% in past month) • Bitcoin has dipped below $65,000 after hitting an all-time high of $73,737 on March 14, now down about 4% in the past day • Meme coins are highly volatile cryptos based on internet memes and pop culture, known for quickly rocketing up and plunging in value • Meme coin activity has surged lately on Solana and other networks like Base, but the gains are being erased during the latest crypto market pullback