Dogecoin is experiencing a significant drop, leading the decline of other meme coins amid rising geopolitical tensions, particularly between Iran and Israel. The dog-themed cryptocurrency fell nearly 6% in the past 24 hours and is now trading below $0.178, down 23% over the month and more than 75% from its all-time high of $0.73 in 2021. Other meme coins, like Fartcoin and SPX6900, have also suffered losses, with the meme coin category dropping 9.5% as a whole. The broader crypto market faces turmoil, with prominent cryptocurrencies like Bitcoin and Ethereum also decreasing significantly. Bitcoin dropped over 4% to around $104,343. This overall market sell-off has led to substantial liquidations exceeding $1.13 billion in just 24 hours, as investors react to the escalating conflict in the Middle East. The situation indicates further uncertainty for both meme coins and major cryptocurrencies as the geopolitical landscape evolves, creating risk-off sentiment among crypto investors.

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