The cryptocurrency market is experiencing a significant correction, impacting newly popular meme coins. Following Bitcoin's brief surge above $97,000 on January 14, the market has seen a downturn, with meme coins suffering substantial losses. WhiteWhale has been hit hardest, dropping 32.3% in the past 24 hours and now trading 75% below its peak on January 10. Other meme coins have also faced steep declines. PEPE fell 9.84% in the last 24 hours, now 28% below its January 4 high. BONK and FLOKI dropped 10.42% and 8.85% respectively, with both coins trading over 27% below their early January highs. Meanwhile, RALPH and Fish saw declines of 22.1% and 53.9%, with Fish now 94% below its peak. Despite the downturn, "An" managed a 7.26% rise in the last 24 hours, though it remains 41% below its recent high.