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The memecoin market has shrunk to a total market cap of roughly $23.95 billion, down 3.1% over the past 24 hours, as investor attention shifts toward Bitcoin, Coinpedia reported on November 14, 2026. Dogecoin, the largest token in the group, trades near $0.0629 — 91.50% below its $0.7399 peak.
The pattern is consistent across the sector’s biggest names. Shiba Inu and PEPE, like DOGE, sit roughly 90% or more under their record highs, and several newer tokens have fallen harder still, per the same Coinpedia report.
Also readSHIB, ZEC, XMR, DOGE Sellers Keep Upper Hand: Oct 14 Levels
Key facts
- Dogecoin’s market cap is about $9.8 billion, close to four times Shiba Inu’s, yet DOGE is 91.50% below its $0.7399 all-time high.
- Shiba Inu trades near $0.00000414, about 8% lower on the week and 95% below its $0.0000885 peak.
- PEPE gained 9.4% over the past month against declines of 21.6% for DOGE and 16.7% for SHIB, but remains about 85% under its $0.00002836 high.
- PUMP is down 63% from its $0.0089 peak, Pudgy Penguins is 91.69% below its $0.07 high, and the Official Trump token sits near $1.12, more than 98.70% below its early-2025 peak of $77.4.
- BONK and FLOKI carry market caps of about $227 million and $185 million respectively.
Where analysts see support
Chart analyst Ali Martinez flagged a set of levels on three-day charts, writing in a November 13 post that DOGE is nearing the bottom of a descending channel around $0.059. He said buyers defending that zone could lift the token toward the channel’s midpoint near $0.074, while a break lower would put $0.04 in play.
For Shiba Inu, Martinez identified $0.0000041 as the level to hold; a rebound could target about $0.0000051, and a failure could extend losses toward $0.0000033 or $0.0000027. He described PEPE as testing the lower boundary of a symmetrical triangle, with $0.0000054 as the upside target and $0.0000032 as the downside risk if the boundary gives way. These are technical scenarios, not certainties.
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Why it matters
Memecoins were the retail entry point for much of the last cycle, so their retreat is a gauge of how much speculative appetite has drained from the market. The damage is not confined to the two oldest tokens: launchpad coins such as PUMP are under pressure from token supply dilution and weaker trading activity, and politically linked tokens including TRUMP, MELANIA and WLFI have dropped to record lows, which Coinpedia linked to market uncertainty after the Democrats’ sweep in the November 2026 U.S. midterm elections. Capital appearing to rotate toward Bitcoin rather than stay in high-beta tokens marks a change from the pattern of past cycles, when memecoin rallies often coincided with broad altcoin strength.
What to watch
The immediate cues are the levels Martinez outlined: whether DOGE holds near $0.059, whether SHIB defends $0.0000041, and whether PEPE stays inside its triangle. The sector’s total market cap, last at $23.95 billion and falling, will show whether the outflow has run its course.
This article is not financial advice, and cryptocurrency markets are volatile and uncertain.
Source: Coinpedia
