CandleFocus Meme Coin Bloodbath as PEPE, BONK, WIF, PNUT, POPCAT Dump by Double Digits
2024-11-20
Author: Content Editor
Bitcoin recently hit a new all-time high of $95,000 but quickly dropped by over $1,000. While Bitcoin has recovered some of its losses, many altcoins in the meme coin market have experienced significant declines, resulting in over $400 million in liquidations. The meme coin market cap has dropped by over 10%, with popular tokens like POPCAT and PNUT experiencing losses of nearly 20% and 17% respectively. Even top meme coins like DOGE and SHIB saw declines, but have managed to partially recover. Overall, the past 24 hours have seen $415 million in wrecked positions and over 160,000 traders liquidated.
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