The rise and fall of memecoins in the cryptocurrency market has been highlighted by recent developments surrounding tokens such as Peanut Pet Owner's Token (PNUT) and Justice Token (JUSTICE). Launched to honor the euthanized pets of Mark Longo, PNUT has seen a dramatic decline, dropping over 99% in value since its launch on November 26. This significant decrease has been accompanied by heavy selling activity, raising concerns about the sustainability of such projects. Additionally, another token, Justice Token, which also pays tribute to Longo's pets, has similarly plummeted by 99% since its inception. A follow-up token, JFP, has not performed well either, experiencing a 67% decline in just a few days. Despite these downturns, over 31,000 holders remain, although the market cap has dwindled to $375,000, indicating a challenging environment for these memecoins.