Memecoins Shiba Inu ($SHIB), PEPE, and Dogecoin ($DOGE) have experienced significant declines in 2025, with Dogecoin down 65%, Shiba Inu down 70%, and PEPE dropping over 80%. In contrast, Bitcoin has shown more resilience, falling only 25% from its peak. The overall cryptocurrency market is in a consolidation phase, with the fear and greed index indicating increased caution among traders. Historically, memecoins have shown potential for recovery during bull cycles following extended periods of underperformance.