Massive Decline in Meme Coins like SPX and FARTCOIN on Unlucky Friday the 13th

On June 13, meme coins experienced a substantial decrease with their total market capitalization falling by 8% in a matter of hours. The decline impacted DOGE and SHIB significantly, but SPX and FARTCOIN were hit the hardest. The downtrend was likely triggered by geopolitical tensions due to the military conflict between Israel and Iran.

Assets like SPX and Fartcoin, which had performed exceptionally well during the recent rally, plunged 22% and 17% respectively within a day. Notably, Dogecoin, the leader in the meme coin sector, and Shiba Inu also suffered losses, albeit less drastic. Investors are advised to approach these meme coins with caution due to their notorious volatility, especially during periods of market turmoil and uncertainty.