$PEPE,
$FLOKI,
$WIF Lead Meme Coin Sell-Off as Global Tensions Spike
#Memecoins suffered sharp losses as geopolitical tensions triggered a risk-off market environment.
$PEPE dropped 8.2% to $0.00001044 while
$FLOKI fell 5.8% to $0.00007608 in 24 hours.
$WIF declined 8.5% to $0.8151 as traders fled speculative assets.
The meme coin market cap contracted 3% to $59.2 billion amid escalations in Middle East hostilities.
#Memecoin whale netflow for
$PEPE collapsed 97%, signaling major asset distribution, according to market analysts.
Even positive news like
$FLOKI's 15 billion token burn failed to support prices as traders used developments as exit opportunities.
The broader crypto market fell with
$SOL down 3.7% to $150.85 and
$BTC declining 1% to $105,500.
Market experts noted the #geopolitical tensions will remain key factors influencing near-term recovery prospects.
