Shiba Inu (CRYPTO: SHIB) is down 24.46% in the period. Dogelon Mars (CRYPTO: ELON) fell 34.24%, and Akita Inu (CRYPTO: AKITA) have plunged 57.18%. “The [meme token] market becomes oversaturated with pointless meme coins,” said Arcane Research analyst Vetle Lunde, according to a CoinDesk report. Notably, a lot of these Dog-oriented tokens came to the fore after DOGE soared to popularity partially due to the support of the community and partly due to tweets of Tesla Inc (NASDAQ:TSLA) CEO Elon Musk. Why It Matters: The so-called meme tokens, favored by the retail crowd, have come under pr...