Bitcoin, Ethereum, and Dogecoin experienced significant drops yesterday as meme coin market volatility surged. The broader crypto market also fell, with a decline of more than 5%. This follows a surge in speculative trading fueled by the recent election of Donald Trump. The plunge was driven by multiple factors, including a risk-off sentiment from Fed interest rate projections, and the Libra meme coin scandal involving Argentine President Javier Milei. A major hack on crypto exchange Bybit further contributed to investor anxieties. The Crypto Fear & Greed Index hit its lowest point since September last year, reflecting widespread negative sentiment in the market. Notable losses were reported across various meme coins including SPX6900 (SPX), Pengu, and Dogwifhat (WIF). Over $110 million was wiped out from the crypto market within 24 hours. While some investors are seeking refuge in presale opportunities such as Solaxy, BTC Bull Token, and MIND of Pepe to navigate this turbulent landscape.