CandleFocus PEPE and WIF Stun Short Traders Amid Liquidation Imbalance
2025-01-03
Author: Content Editor
The short traders of the meme coins PEPE and WIF have experienced unexpected liquidation imbalances in the past 24 hours. PEPE's short traders saw a liquidation amount of $1.07 million, compared to long traders' liquidation of $990,460, resulting in a total liquidation of $2.06 million. The dip in PEPE's price and decrease in trading volume likely caused the increased liquidation of short traders. On the other hand, WIF had a total liquidation of $1.7 million, with short traders experiencing $672,160 in liquidation and long traders facing higher liquidation of $1.08 million. WIF has rebounded slightly in price and volume after seeing a significant decline in market capitalization. PEPE experienced a price increase on the last trading day of the year, potentially influenced by Elon Musk's involvement in the meme coin.
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