Memecoin Market Crash 2026: Why DOGE, SHIB and PEPE Are Falling

Memecoin Market Crash: Three Major Tokens Face a Tough Market

A memecoin market crash 2026 is pulling DOGE, SHIB and PEPE lower together. Dogecoin has shed about 40% since September 22, and Shiba Inu has dropped about 34%, according to a chart thread by analyst Ali. 

The slide matters for the wider crypto market, because these tokens usually swing harder than Bitcoin price in both directions.

Memecoin Market Crash Hits DOGE, SHIB and PEPE: Prices and Losses

The memecoin market crash has hit all three leaders, but not equally. CoinMarketCap data, as of Nov 14, shows DOGE and SHIB down about 3% on the day, while PEPE fell more than 8%. Trading volume also dropped in each token. Fear and Greed index is also at extreme fear level, 17. 

DOGE: Seven Weekly Losses and a Three-Year Low

Dogecoin price today is $0.06248, down 3.62% in 24 hours. The token has lost about 40% since September 22, when it traded near $0.10. It has also fallen for seven straight weeks, a three-year low.

In Ali’s DOGE chart, price sits near the bottom of a falling channel. The support level he marks is $0.059, about 6% below the current price.

• Price today: $0.06248 (down 3.62%)

• Market cap: $9.79B (rank #12)

• 24-hour volume: $561.5M (down 30.74%)

• Chart level: support near $0.059

SHIB: Sitting Just Above Channel Support

Shiba Inu is trading at $0.000004135, down 3.22%, per CoinMarketCap. The SHIB price has dropped about 34% from its recent high. Ali’s SHIB chart places the channel floor at $0.0000041. At the time of the writing, the price is less than 1% above that line.

• Current price: $0.000004135 (down 3.22%)

• Market cap: $2.43B (rank #33)

• 24-hour volume: $51.07M (down 16.62%)

• Chart level: support near $0.0000041

PEPE: The Biggest Daily Drop of the Three

The Pepe coin price is $0.000004227, down 8.42%. PEPE had held up better than DOGE and SHIB, with a 33% gain in the month to November 9. That lead has faded fast. Ali’s PEPE chart shows price testing the lower line of a triangle near $0.0000044. At the time of the writing, $PEPE trades about 4% below it.

• Current price: $0.000004227 (down 8.42%)

• Market cap: $1.74B (rank #40)

• 24-hour volume: $390.88M (down 34.7%)

• Chart level: triangle trendline near $0.0000044

Why Memecoin Prices Keep Falling: Bitcoin, Rates and ETF Outflows

The main driver is the broader market. Bitcoin fell more than 8% on Friday and touched $67,568 at its lowest. Hot US inflation data has also pushed traders to price in a Fed rate hike on December 9, with odds at 100%, per CME FedWatch figures. 

• Current: 375–400% bps

• 400–425 bps: 88.5% 

• 425–450 bps: 11.5%

Spot Bitcoin ETFs added pressure with about $300 million in outflows on Wednesday, the fifth straight day of withdrawals. Weekly net outflows now stand at $1.07 billion, according to SoSoValue. 

Worry about tighter crypto rules after the Democratic midterm gains has added to the cautious mood. Crypto memecoins feel those shocks more.

Crypto Meme Token Problems: Oversupply, Thin Demand and PEPE’s Fall

The sector also has its own weak spots. New token launches keep arriving, and each one splits a limited pool of buyer money. Trading demand has cooled since earlier peaks. 

In crypto memecoin news, $PEPE has been the exception. It gained about 33% in the month to November 9 while DOGE and SHIB each lost roughly 18%, then fell 11% on Thursday. No project failure explains the drop. Liquidity and risk appetite do.

Is the 2026 Memecoin Rally Over? Key Levels and the Dates That Will Matter

Nobody can say yet. Ali’s charts mark decision zones rather than forecasts. Holding them could allow a bounce, while losing them could extend the drop.

• DOGE: channel support near $0.059

• SHIB: support near $0.0000041

• PEPE: triangle trendline near $0.0000044

The next big test for risk assets is the December 8–9 Fed meeting. Cooler inflation or a return of ETF inflows would ease pressure, while a hawkish message could add to it. Memecoins are highly volatile, losses can be total.

A lasting recovery would likely start with Bitcoin and the crypto market, not with the memes. Crypto news today points to the same answer: until liquidity returns, the memecoin crash stays tied to rates and ETF flows.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Crypto markets carry significant risk. Always do your own research before making any investment decisions.