SPX6900 Index Falls 10% Amid Memecoin Market Weakness

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The fear and greed index hit extreme fear levels as the SPX6900 index fell over 10% in the past 24 hours, underperforming the broader memecoin market, which dropped 6.8%. Pump.fun [PUMP] and Useless Coin [USELESS] also declined. Technical indicators show weakening sell-side momentum, with the MACD signal line rising. The memecoin market’s total value has fallen from $150 billion to $43 billion this year.
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