Dogecoin is at the forefront of a decline among meme coins, dropping nearly 6% as geopolitical tensions, specifically between Iran and Israel, escalate. The meme-inspired cryptocurrency, known for its dog theme, is now trading below $0.178 and has seen a 23% decline over the past month, standing at over 75% lower than its all-time high of $0.73 recorded in 2021. Other meme coins, such as Fartcoin, Pepe, and SPX6900, have similarly suffered, with many posting double-digit percentage losses. The overall meme coin market has declined by 9.5% in the last 24 hours, exacerbating concerns for investors. This downturn is part of a broader cryptocurrency market sell-off following recent airstrikes by Israel, leading to significant liquidations—over $1.13 billion in the last day. Major cryptocurrencies also faced pressure, including Bitcoin and Ethereum, which dipped as risk aversion spread across markets. The ongoing conflict raises the question of how these developments might continue impacting the crypto landscape.

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