Dogecoin, the leading meme coin, is experiencing significant losses as geopolitical tensions escalate between Israel and Iran. The price of Dogecoin has fallen nearly 6% in the past 24 hours, trading below $0.178, marking a 23% decline over the last month and over 75% from its all-time high of $0.73 in 2021. Other meme coins, such as Fartcoin and Pepe, have also faced steep declines, with Fartcoin dropping about 9% and SPX6900 down more than 13%. The overall meme coin market has underperformed broader cryptocurrency assets like Bitcoin and Ethereum, which are down 2.6% and 8%, respectively. The market sell-off has led to over $1.13 billion in liquidations across cryptocurrencies, highlighting the broader impact of regional conflicts on digital assets. As tensions continue to rise, confidence in meme coins appears to be waning, evident from the shifting odds for future trading in Fartcoin, suggesting uncertain recovery prospects.

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