In the wake of recent geopolitical tensions and significant sell-offs by large investors, the cryptocurrency market is experiencing notable declines. PEPE has fallen by 12%, while SPX6900 has plummeted by 11%, and Fartcoin has decreased by 9%.
These substantial drops raise questions about the stability of the meme coin sector. Analysts are speculating whether the market is undergoing a severe adjustment as investors react to the current volatile environment.