Meme cryptocurrencies including Dogecoin, Pepe, and Fartcoin are undergoing substantial price declines as geopolitical pressures accelerate a wider crypto market downturn. The sell-off reflects heightened investor caution and mounting volatility across digital asset markets.
Meme tokens collectively recorded losses surpassing 9% within 24 hours, significantly underperforming major cryptocurrencies. Dogecoin notably fell nearly 6% during this period, sinking below $0.178 and extending its monthly decline to 23%.
Market confidence in meme coin recoveries has deteriorated sharply, with Fartcoin’s likelihood of exceeding a $1.3 billion market capitalization plummeting from 51% to 14%. The broader liquidation cascade triggered over $1.13 billion in forced crypto positions within 24 hours, indicating intensified margin call pressures.
Analysts caution investors against exposure to meme coins and similarly speculative assets due to elevated volatility and eroding market trust. The downturn underscores vulnerability among risk-centric crypto segments during periods of macroeconomic instability.