#IsraelIranConflict #DAOBaseAIBinanceTGE #FOMCMeeting #SparkBinanceHODLerAirdrop #BombieBinanceTGE

A bloody start to the week for meme coin investors as the entire sector saw double-digit declines in just 24 hours:

  • $PEPE down 12%, to $0.000010

  • SPX6900 dropped 11.55%, now at $1.40

  • $FARTCOIN lost 8.99%, down to $1.13

Meanwhile, almost the entire crypto market is in the red, with only Monero, AB, Form, and Bitcoin SV slightly up under 1.5%. The biggest question right now: Is this a buying opportunity or the beginning of a deeper sell-off?

Reasons behind the sell-off

  1. Geopolitical pressure:

    • Middle Eastern tensions escalate after the Israel-Iran airstrike (June 17)

    • Traditional markets also plummet: S&P 500 down, gold/oil surge

    • Bitcoin Dominance rises to 63.83%, indicating cash flow is moving from risky altcoins to $BTC

  2. Distribution signals from whales:

    • On-chain data shows that Pepe whales (wallets holding >1% of total supply) have been aggressively transferring tokens to exchanges since June 16, signaling ongoing selling pressure

    • SPX6900 declines after a 230% rally (May-June), now entering a profit-taking phase

  3. Bad technical signals:

    • Pepe: Breaking an important support at $0.0000104, weekly RSI at 40.5 (not yet in oversold territory)

    • SPX6900: Threatening to break down from a descending triangle, key support at $1.30

    • Fartcoin: Stuck in a short-term downtrend channel, ADX only at 17 (lack of clear trend)

Next scenario: What to do?

✅ Buying bottom opportunity (for risk-takers only):

  • Waiting for Pepe to recover above $0.0000118, SPX6900 to hold $1.30, or Fartcoin to surpass $1.28

  • Monitor whale cash flow and geopolitical news

⚠️ Risk warning:

  • If Bitcoin drops below $100,000, meme coins could continue to plunge uncontrollably

  • Altcoin Season Index is at a very low level, showing that the BTC preference trend continues

Final advice:

"The meme coin market is like a lottery game — only bet what you are willing to lose. Panic selling or FOMO are recipes for disaster."

(Price update: According to CoinGecko, BTC is currently trading around $104,000, ETH at $2,470)