🩸😱Meme Coin Bloody Massacre: WIF, BONK, PEPE, FLOKI,#SHIBand#DOGEDrop by Double Digits
The entire crypto market saw a massive correction on Friday evening, with more than $200 billion coming out of the gap within hours.
April liquidations reached almost $1 billion on a daily scale, but some of the most notable losers come from the ever-volatile meme coin niche.
had already reported the massive Bitcoin pullback that sent the primary cryptocurrency crashing from around $71,000 today to a weekly low of $65,000 in a matter of minutes.
But this is only part of the story, because altcoins and meme coins in particular have suffered even more in the past day.
BONK is leading this negative trend, with a massive 25% decline pushing the popular Solana-based token below $0.000017.
WIF follows suit with a similar decline pushing dogwifhat well below $3. It is worth noting that Meme coin recently reached its all-time high of almost $5.
This is followed by PEPE with a daily decline of 21%, followed by $FLOKI (-20%), $SHIB Shiba Inu (-13%) and Dogecoin (-12%).
Data from CoinGecko shows that the entire meme coin industry has lost almost 20% of its total market value in the past day, currently falling to $54 billion. At the same time, total crypto market cap fell by 6.5%.
According to COINGLASS, the total value of positions liquidated in the last 24 hours is almost $900 million. The collapse of Memecoins only highlights their volatile nature and the need for investors to be more careful when dealing with them, especially if leveraged trading is available.
