(Monday, 05 Aug 2024, 04:55 AM GMT):
Today, the cryptocurrency market is painted in red, with major memecoins experiencing significant bloodbath. The total memecoins market cap has dropped by 5.6% to $37 Billion in the past 24 hours. Bitcoin (BTC) has led this downward trend, plummeting from $60,721 to the current price of $54,313 in the past 24 hr.
Here’s a closer look at the performance of some popular memecoin of last 7 days:
- Pepecoin (PEPE) is down by 42.56%.
- Dogwifhat (WIF) is down by 50.21%.
- Bonk (BONK) is down by 37.28%.
Memecoins Liquidations Data:
In the past 24 hours the bloodbath in memecoins led significant Liquidations are as follow:
1) Pepe $PEPE Liquidation Data:
Significant liquidations occurred in PEPE, particularly in long positions. A total of $5.90 Million was liquidated, including $3.76 Million in long orders and $2.13 Millions in short orders.
2) Dogwifhat $WIF Liquidation Data:
WIF also saw significant liquidations, mainly in long positions. The total liquidation amounted to $4.25 Millions, with $3.56 Million in long orders and $681K in short orders.
3) Bonk $BONK Liquidation Data:
BONK experienced notable liquidations, especially in long positions. The total liquidated value was $656K consisting of $509K in long orders and $147K in short orders.
As of now, investors should focus on the Bitcoin (BTC) chart; if it falls under $53K, we will see another huge dump.