Crypto fam, we've got a wild ride on our hands! đą Over $200B left the crypto market in a flash on Friday. The biggest losers? Those unpredictable meme coins. đ
Bitcoin took a dip from $71K to $65K in a blink. But that's not the whole story. Altcoins and meme coins felt the burn even more.
âą BONK, the popular Solana-based token, took a 25% hit, falling under $0.000017.
âą WIF followed with a similar drop, pushing dogwifhat below $3.
âą PEPE, FLOKI, Shiba Inu, and Dogecoin also saw double-digit declines.
CoinGecko data shows the meme coin industry lost nearly 20% of its total market cap, now at $54B. Meanwhile, the total crypto market cap is down 6.5%.
Nearly $900M positions got liquidated in the last 24 hours, says CoinGlass. This crash is a stark reminder of the volatility of meme coins.
What's your take on this? Are meme coins too risky or just part of the crypto game? Let's chat in the comments! đšïžđ #CryptoNews #MemeCoinMassacre
