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Meme coins rally then dip as crypto markets react to US-Iran tensions pause

Market News
24 Mar 2026
Coinpaper
View Source
Neutral
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Meme coins like Dogecoin, Shiba Inu, and Pepe Coin surged intraday following a US pause on strikes against Iran, easing investor anxiety and boosting risk appetite. The overall crypto market cap rose to $2.43 trillion, with meme coins hitting $33.4 billion before retreating. Dogecoin tested key support levels amid mixed signals, while Shiba Inu and Pepe Coin showed similar patterns of brief gains followed by slight pullbacks. Analysts warn the rally may not sustain without broader macroeconomic support, keeping prices sensitive to Bitcoin's movements.

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