Recently, the ongoing escalation of the Iran-Israel conflict has caused turmoil in the meme coin market, affecting prominent meme coins such as PEPE and BONK. This geopolitical tension has shifted investor focus away from these coins, leading to a significant market share loss.
While meme coins face challenges, the DeFi platform DTX Exchange has been a standout performer, attracting attention and investment. DTX Exchange experienced an impressive 200% rally, evidencing a pivot towards utility tokens amid unpredictable market conditions.
This scenario illustrates a broader trend where investors seek more reliable options in the face of geopolitical unrest, highlighting the vulnerabilities of meme coins during periods of global instability.
