📉🚨 Meme Coin Massacre: WIF, BONK, PEPE, FLOKI, SHIB, and DOGE Plummet By Double Digits 🚨📉

The total crypto market witnessed a massive correction, shedding over $200 billion within hours on Friday evening.

Liquidations surged to nearly $1 billion on a daily scale, with notable losses seen in the volatile meme coin niche.

While Bitcoin retraced from $71,000 to a weekly low of $65,000, altcoins and meme coins suffered even more.

BONK led the adverse trend with a staggering 25% drop, plummeting Solana-based token to under $0.000017.

WIF followed with a similar decline, pushing dogwifhat to below $3 after recently hitting an all-time high of nearly $5.

PEPE, FLOKI, Shiba Inu, and Dogecoin also experienced significant daily slumps of 21%, 20%, 13%, and 12%, respectively.

Data from CoinGecko reveals the meme coin industry's total market capitalization fell by almost 20% in the past day, down to $54 billion, while the total crypto market cap dropped by 6.5%.

The total value of liquidated positions in the last 24 hours reached almost $900 million, highlighting the volatile nature of meme coins, especially with leverage trading.

Investors should exercise caution when dealing with meme coins, considering their susceptibility to sharp price fluctuations. Stay informed and vigilant in navigating the market's ups and downs. 📉🚨

Follow | Like ❤️ | Quote 🔄 | Comment🙏

#TrendingPrediction #780million #TrendingInvestments #cpi #BinanceLaunchpool