The crypto market has been buzzing with activity, and meme coins are no exception. In the past 24 hours, three notable tokens DOGE (Dogecoin), PEPE, and WIF (dogwifhat) have faced significant liquidations. Let’s dive into the details.
DOGE (Dogecoin):
Total Liquidations: $8.27 million
Tokens Liquidated: 56,916,724 DOGE
Market Impact: Dogecoin dipped by 9.57% during this period.
Analysis: Despite the losses, DOGE remains a favorite among meme enthusiasts, and its community continues to rally behind the Shiba Inu-themed coin.
PEPE:
Total Liquidations: $9.33 million
Tokens Liquidated: A staggering 729,476,153,245 PEPE
Market Impact: PEPE suffered an 11.28% drop.
Insight: The PEPE community is closely watching for any signs of recovery, as meme coins often exhibit wild volatility.
WIF (dogwifhat):
Total Liquidations: $4.14 million
Tokens Liquidated: WIF faced an 18.33% decline.
Observation: WIF’s hat-wearing dog mascot may need to weather the storm as the market recalibrates.
Conclusion: The meme coin landscape remains unpredictable, but traders and hodlers alike are keeping a close eye on these tokens. Whether it’s the allure of the Shiba Inu, the whimsy of PEPE, or the quirky WIF, meme coins continue to captivate crypto enthusiasts.