Dogecoin News- Crypto Liquidations Surge Over $1 Billion as Meme Coins Fall

Dogecoin News– The meme coin market is facing significant downward pressure as geopolitical tensions rise and broader crypto sell-offs deepen. Top meme coin Dogecoin (DOGE) has dropped nearly 6% in the last 24 hours, trading below $0.178, as renewed conflict between Israel and Iran sends shockwaves through risk assets. This marks a 23% decline over the last month for DOGE and puts it down more than 75% from its all-time high of $0.73 recorded in 2021.

The pullback highlights the fragility of meme-driven assets in volatile macro environments. While major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have also seen declines—falling 2.6% and 8% respectively—the meme coin segment has suffered steeper losses, signaling a risk-off sentiment among retail investors and traders.

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

Ethereum-Based Meme Coins Face Heavy Losses

Ethereum-powered meme coins were among the hardest hit in the recent downturn. Pepe (PEPE), one of the most popular meme tokens on Ethereum, plunged 10.8% over the past day, mirroring the broader weakness across the sector.

SPX6900 Slips After Record High

Another notable decline came from SPX6900, a meme token built on Ethereum that gained notoriety for its ambitious goal of “flipping the S&P 500 by market cap.” Despite reaching a new all-time high earlier in the week, SPX6900 has since dropped more than 13% in the past 24 hours. Although its valuation remains far from traditional equities benchmarks, the drop underscores the volatility that defines meme coin trading.

Solana Meme Coins Join the Sell-Off

Meme coins on the Solana network weren’t spared either. Prominent tokens like:

Fartcoin (FARTCOIN)
Bonk (BONK)
Dogwifhat (WIF)

…all recorded losses of over 9% during the same timeframe.

Flash Market Odds Shift for Fartcoin

The downturn in FARTCOIN has had a ripple effect on prediction markets as well. Myriad Market’s Fartcoin flash market, which lets users bet on whether the token will exceed a $1.3 billion market cap by Saturday evening, has seen a dramatic shift in sentiment.

Odds of that taking place trade around 14% compared to around 51% on Thursday afternoon.

This rapid shift in market expectations reflects a steep drop in trader confidence, likely driven by mounting external pressures and profit-taking.

Other Notable Meme Coins Also Under Pressure

Several other meme tokens that had gained popularity recently have also recorded double-digit losses:

Peanut the Squirrel (PNUT)
Popcat (POPCAT)
Mog Coin (MOG)

Each of these has fallen at least 10%, confirming the broad-based nature of the meme coin correction.

Liquidations Cross $1.13 Billion Amid Sell-Off

The meme coin plunge is part of a wider crypto market liquidation event, which has seen over $1.13 billion wiped out in the past 24 hours alone, according to CoinGlass data. This includes forced selling of both leveraged and spot positions across altcoins, meme tokens, and even blue-chip cryptocurrencies.

While some investors may view the current dip as a buying opportunity, broader market sentiment appears wary. The intersection of geopolitical conflict, heightened volatility, and speculative trading behavior has made meme coins especially vulnerable. As liquidity dries up and risk appetite diminishes, the meme segment is likely to remain under pressure in the near term.

This article is intended solely for informational purposes and does not contain any investment advice. Always conduct your own research before making any financial decisions in the cryptocurrency market.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.