The article discusses the recent drop in value of meme coins such as $WIF, $PEPE, and $ANIME by more than 50%, attributed to airdrop hype, weak liquidity, and profit-taking. However, tokens like $BRETT and $CHILLGUY have shown resilience, leaving investors wondering if this is the lowest point or if prices will continue to fall. Analysts suggest that $WIF is leading the correction and could still go lower unless it breaks above certain resistance levels. For $PEPE investors, the drop is shocking, but experienced traders point out that past cycles have shown rebounds. On the other hand, newer meme coins like $ANIME and $PENGU have taken a beating due to weak liquidity and short-term hype selling. Despite the overall market slump, $CHILLGUY has been strong and analysts predict more gains if key resistance levels are broken. $BRETT's focus on community-driven value and real-world initiatives has reignited bullish sentiment, with many predicting new highs in 2024. The article concludes by stating that meme coins are risky, but history has shown that big drops are often followed by huge recoveries, and projects with strong communities and long-term plans may weather the storm. Traders should be prepared for more ups and downs until the situation becomes clearer.



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