Dogecoin, the top meme coin with market capitalization, has seen diving fall amid wider market sales, falling nearly 6% in the last 24 hours as tensions between Israeli and Iranian flare following Israeli airstrikes later on Thursday.
The dog-themed meme coin reader is currently trading below $0.178, down 23% last month, trading more than 75% from the 2021 record high of $0.73.
The overall meme category is poorly performing key assets, down 9.5% over the last 24 hours Comparing Bitcoin with 2.6% and 8% According to Coingecko data, Ethereum is each.
The loss of these meme coins is highlighted by most majors, such as Ethereum-based Pepe, which dropped 10.8% over the same time frame. Solana’s top meme coin performers, such as Fartcoin (Fartcoin), Bonk (Bonk), and Dogwifhat (WIF), have each dropped by more than 9%.
The drop of Fartcoin caused a noticeable odds shift in Myriad Market’s Fartcoin Flash Market. This asks predictors if flatulence-themed Meme Coin will trade above $1.3 billion on Saturday evening.
Now, the trade possibilities Approximately 14% compared to about 51% On Thursday afternoon, signaling predictors may not be so confident about the rapid turnaround of the memecoin market.
Even the SPX6900, the Ethereum-based token, the creators say, is designed to traverse the S&P 500 by market capitalization, but it has fallen by more than 13% in the last 24 hours since climbing to a new history high just two days ago. (To be clear, it’s not yet anywhere in the market capitalization of the S&P 500.)
Additionally, other notable memes like Peanut The Squirrel (PNUT), Popcat (Popcat), and Mog Coin (MOG) have dropped at least 10%.
Market sales are not quarantined by meme coins and majors. Altcoins face similar fate Over the past 24 hours, each Coinglass data has helped us win over $1.13 billion in crypto liquidation over that time frame.
