On June 13th, the cryptocurrency market experienced a notable drop with meme coins SPX and FARTCOIN seeing significant declines. Both saw an 8% decline in their combined market capitalization, highlighting volatility within this niche sector. Notably, SPX and FARTCOIN experienced a sudden slump without any official statements from leaders or public forums regarding the crash. The lack of responses suggests the anonymous nature of meme coin projects and volatile investor sentiment. While larger cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) remained relatively unaffected, on-chain data indicates a decrease in decentralized exchange liquidity pools. Although no major DeFi protocols reported systemic risks, rapid liquidation of meme coins was observed. Regulatory bodies have not yet issued statements, opting for a cautious approach rather than direct intervention. This event resembles past crashes involving Dogecoin, highlighting recurring trends in speculative assets.