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The Saudi-led coalition said it destroyed and intercepted two drones launched by the Houthis toward Mecca and southern regions, according to a First Squawk tweet citing the coalition. The intercepts mark a continuation of cross-border drone attacks by the Iran-aligned Houthi movement, which has targeted Saudi territory and holy sites throughout Yemen’s conflict. Mecca’s status as the holiest city in Islam raises the stakes of any strike near the site, though the coalition reported both drones were downed before impact. The event is a geopolitical headline rather than a market-moving data point, with no token prices, TVL, volumes, market cap or funding figures involved. Traders will watch for Houthi confirmation, any escalation in Red Sea shipping risks, and whether further drone launches follow.

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Named in this story

Houthis, Saudi-led coalition, Mecca