Ethereum and Solana Meme Coins PEPE, FLOKI, WIF Lead Losses as Market Dips
The post Ethereum and Solana Meme Coins PEPE, FLOKI, WIF Lead Losses as Market Dips appeared on BitcoinEthereumNews.com.
In brief Meme coins including PEPE (-8.2%), FLOKI (-5.8%), and WIF (-8.5%) suffered major losses as geopolitical tensions between Iran and Israel sparked a risk-off market selloff. The meme coin market cap dropped 3% to $59.2 billion in 24 hours, with analysts noting these tokens are typically the first to react to global uncertainty due to their speculative nature. Despite positive developments like FLOKI’s 15 billion token burn, traders used the news as exit opportunities rather than buying signals amid the broader market retreat. Meme coins suffered heavy losses in the past 24 hours as geopolitical tensions sparked a massive exodus from risk assets, with Pepe (PEPE), Floki Inu (FLOKI), and dogwifhat (WIF) among the hardest hit. PEPE plummeted 8.2%, trading at $0.00001044, while FLOKI dropped 5.8% to $0.00007608, and WIF declined 8.5% to $0.8151, according to CoinGecko data. Dogecoin (DOGE) fell 3.2% to $0.1713, Shiba Inu (SHIB) dropped 3.7% to $0.00001171, Official Trump (TRUMP) declined 5.7% to $9.61, and Fartcoin (FARTCOIN) tumbled 8.1% to $1.15, in the last 24 hours. The meme coin market cap stood at $59.2 billion, down 3% in the last 24 hours, as the sector’s $65.9 billion in assets faced continued pressure from ongoing Middle East hostilities. Other major altcoins joined the retreat, with Solana (SOL) down 3.7% to $150.85, and HyperLiquid (HYPE) falling 9.2%, reversing yesterday’s gains when “traders rotated out of Bitcoin”, per a previous Decrypt report. The broader crypto market tumbled as a fifth day of direct military confrontation between Iran and Israel spooked global markets. Israel launched Operation Rising Lion on June 13, striking over 100 nuclear and military sites across Iran—the largest assault since the Iran–Iraq War of the 1980s. Iran retaliated with 350 missiles targeting Israeli cities, prompting President Trump to abruptly leave the G7 summit a day early…
Filed under: News - @ June 18, 2025 5:22 am