The broader crypto market is experiencing a period of consolidation, with meme coins like WIF, PEPE, and CATI facing intense liquidation. CoinGlass data shows that a total of $98 million has been liquidated. WIF, based on Solana, has recorded $1.39 million in liquidations, with long traders losing $1.2 million and short traders losing $192,820. PEPE has seen liquidations of $1.27 million, with long traders losing $1.03 million and short traders losing $242,960. CATI has experienced massive interest, with liquidations totaling $5.88 million, and short traders losing $3.16 million. While the liquidation trend for CATI is not unusual given its recent hype and launch, it remains uncertain what the next trend will be for these tokens. This highlights the need for caution among investors.



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