(Monday 12 August 2024, 07:44 AM GMT):
Today, the cryptocurrency market is painted in red, with major memecoins experiencing significant downturn. The total memecoins market cap has dropped by 8.25% to $37.4 Billion in the past 24 hours. Bitcoin (BTC) has led this downward trend, plummeting from $61,868 to the current price of $58,743 which is down by 4.18% in the past 24 hr.
Here’s a closer look at the performance of some popular memecoin of last past 24 hours:
- Pepecoin (PEPE) is down by 7.39%.
- Dogwifhat (WIF) is down by 6.91%.
- Bonk (BONK) is down by 6.53%.
Memecoins Liquidations Data:
In the past 24 hours, memecoins led significant Liquidations are as follow:
1) Pepe $PEPE Liquidation Data:
Significant liquidations occurred in PEPE, particularly in long positions. A total of $2.26 Million was liquidated, including $1.83 Million in long orders and $0.43 Millions in short orders.
2) Dogwifhat $WIF Liquidation Data:
WIF also saw significant liquidations, mainly in long positions. The total liquidation amounted to $1.45 Millions, with $1.12 Million in long orders and $337K in short orders.
3) Bonk $BONK Liquidation Data:
BONK experienced notable liquidations, especially in long positions. The total liquidated value was $159K consisting of $155K in long orders and $3524 in short orders.
As of now, investors should focus on the Bitcoin (BTC) chart; if it takes a pullback from here, we will see recovery in the prices of memecoins.
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