Dogecoin Leads Meme Coin Dive as Geopolitical Tensions Slam Crypto Market

Top The same corner by market cap, Dogecoindiving lower in the middle of a wider market sale, it dropped almost 6% in the last 24 hours as Tension between Israel and Iran Following Israel air attacks at the end of Thursday.

The meme coin leader is now traded below $ 0.178, which is a drop of 23% in the last month and more than 75% compared to all maximum of $ 0.73 in 2021.

Meme category as a whole weaker effect of the main assets, it dropped 9.5% in the last 24 hours compared to 2.6% and 8% for Bitcoin and EthereumThat is, according to Coingecko data.

These coins losses were highlighted by most majorettes, such as Ethereum based in Ethereum, who fell 10.8%in the same time frame. Saltworks Top Meme Coin performers, such as Fartcoin (Fartcoin), Bonk (Bonk (Bonk) and Dogwifhat (WIF), each fell more than 9%.

The spray decline has led to a significant displacement for Fartcoin Flash MyRiad Market, which asks the predictors whether a coin with a topic on bottomes to trade over a market border of $ 1.3 billion on Saturday night.

Now, the prospect of what the trade is going on about 14% compared to about 51% On Thursday afternoon, signaling predictors may not be so safe in a fast turn for the meme coin meme market.

Even the SPX6900, a token based in Ethereum, which her creatives say is designed to try and overturned the S&P 500 per market cap, has been reduced by more than 13% in the last 24 hours after just two days ago up to the new high for everyone. (Still not even near the S&P 500 market cap, to be clear.)

In addition, other notable mems like peanuts (pnut), popcat (popcat) and my coin (my) fell at least 10% per piece.

Market sale is not isolated on meme coins and majorettes, as Altcoini faced a similar fate In the last 24 hours, helping to increase more than $ 1.13 billion in the crypto liquidation in that time frame, Coinglass data.