Millions in Token Liquidations for $DOGE $PEPE and $WIF Here's the Story:

The broader cryptocurrency market is seeing a significant slump, hitting top meme coins hard with notable liquidations. According to CoinGlass, total market liquidations are at $413.85 million right now.

Meme coin liquidations:

Dogecoin (DOGEUSD), PEPE, and Dogwifhat (WIF) are among the top meme coins facing the most liquidations over the past 24 hours. The price drop in these meme coins follows a brief rally from last week.

Key figures:

PEPE: Suffered the most with $9.33 million liquidated (729 billion PEPE). Long traders took the biggest hit.

Dogecoin (DOGEUSD): Lost $8.27 million, translating to 56.9 million DOGE liquidated.

Dogwifhat (WIF): Also hit hard with $4.14 million in liquidations.

These drops are a result of significant price declines: Dogecoin fell by 9.57%, PEPE by 11.28%, and Dogwifhat by 18.33%.

Other meme coins like Shiba Inu and FLOKI also saw losses, dropping 8.11% and 11.72%, respectively.

Looking ahead:

Despite the dip, there's potential for a strong rebound. Some meme coins, like Dogecoin, are showing positive signs with whale accumulation and potential smart contract integration, which could drive prices up in the near future.