Buckle up, crypto enthusiasts! The market's having another rollercoaster moment. Bitcoin has dipped below the $95,000 mark yet again since Monday, taking the spotlight with its plunge. But hold on to your hats, because meme coins are stealing the show with some wild moves of their own.
It's no secret that meme coins are the rockstars of the crypto world—unpredictable, flashy, and definitely not for the faint-hearted. While they've created legends out of regular folks, turning pocket change into fortunes, they're just as famous for their dramatic swings, especially when the market decides to throw a tantrum.
Today's drama confirms that narrative. Bitcoin's down by a modest 3% for the day, slipping under $95,000. But the bigger players like ETH, SOL, and BNB are really feeling the heat, each tumbling around 7%.
Now, here's where it gets spicy. Meme coins like BONK, FLOKI, and WIF are taking a nosedive, each losing about 20% of their value. BONK is now at $0.00034, FLOKI has drifted below $0.00022, and poor WIF is struggling under $2.8.
Not to be outdone, the big dogs of the meme coin world are also having a rough day. Shiba Inu wins the not-so-coveted title of worst performer among the top 20 altcoins, plummeting 15% to $0.000025. Dogecoin, the granddaddy of them all, isn't faring much better, down 12% in the last 24 hours and trading well below $0.4. Just a few days ago, DOGE was basking in the glory of a new multi-year high at $0.485.
This market-wide correction has swept up a staggering $1.7 billion in liquidations across all assets. Most of it, about $1.5 billion, comes from overzealous longs. ETH leads the pack with $250 million in longs dusted, followed by BTC at $175 million. Surprisingly, DOGE takes the third spot, proving once again that meme coin trading can be as treacherous as it is thrilling. So, whether you're a seasoned trader or a curious newbie, remember: the crypto world is not for the easily rattled!
