Memecoin leaders are bleeding out today. → PENGU fell ~6% → BONK dropped 7–8% → SPX lost 8%, and even FARTCOIN shed ~6% → DOGE, SHIB, and PEPE each slipped around 5% The culprit wasn’t just memes, it was majors, as BTC and ETH weakness pulled beta plays down with them. Volumes stayed strong though, with SPX trading ~$49M and FARTCOIN over $200M. This looks less like collapse, more like beta bleed, and when majors steady, memes usually snap back fast.