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Meme Coin Sector Plunges Over 4% as Risk-Off Sentiment Dominates
The previously high-flying Meme sector experienced a sharp correction, dropping 4.19% in 24 hours according to SoSoValue data. Leading the declines were OFFICIAL TRUMP (TRUMP) down 10.55%, Fartcoin (FARTCOIN) down 10.44%, and Pump.fun (PUMP) down 12.40%. The broader sector weakness reflects the risk-off sentiment driven by hawkish Fed commentary and escalating geopolitical tensions. The ssiMeme index fell 4.42%, while ssiAI and ssiNFT indexes dropped 3.29% and 3.12% respectively. Other sectors also declined: Layer1 fell 1.97%, CeFi dropped 1.71%, and DeFi declined 2.26%.
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