Dogecoin Leads Meme Coin Dive as Geopolitical Tensions Slam Crypto Market

In brief

  • Dogecoin is leading meme coins lower as tensions between Iran and Israel flare.
  • The leading dog-themed token is down nearly 6% in the last 24 hours.
  • Other popular memes, like Fartcoin and SPX6900 were not spared, falling even more than DOGE in the same timeframe.

The top meme coin by market cap, Dogecoin, is diving lower amid a broader market sell-off, dropping nearly 6% in the last 24 hours as tensions between Israel and Iran flare following Israel’s airstrikes late Thursday.

The dog-themed meme coin leader is now trading below $0.178, down 23% over the last month and more than 75% from its all-time high of $0.73 in 2021. 

The meme category as a whole is underperforming major assets, dropping 9.5% in the last 24 hours

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