The crypto market is once again shaky, with Bitcoin dropping below $95,000 for the second time since Monday night. Major altcoins like ETH, SOL, and BNB also plunged by around 7%. However, the notoriously volatile meme coin sector is making the drama even more exciting! 😂
BONK, FLOKI, and WIF are down around 20%. BONK is now at $0.00034, FLOKI is below $0.00022, and WIF is struggling below $2.8. Shiba Inu is the star of the drama, dropping 15% to $0.000025, while Dogecoin also plunged 12%.
This market correction has caused $1.7 billion in liquidations, with longs contributing $1.5 billion. ETH and BTC are the main victims, but DOGE is also affected even though it is not the largest stablecoin.
What do you think about this meme coin drama? Let's discuss in the comments column!