(Friday 16 August 2024, 05:56 AM GMT):
Today, the cryptocurrency market is experiencing mixed sentiments as Bitcoin (BTC) continues to hover around the $59K mark. With a global market cap decline of 3.14%, now standing at $2.02 trillion, it’s clear that the market is facing a bearish a patch. This is especially true for memecoins, which are down in the last 24 hours.
The total market cap for memecoins has dropped by 3.1%, bringing it down to $39.2 billion.
Here’s a closer look at the performance of some popular memecoin of last past 24 hours:
- Pepecoin (PEPE) is down by 5.49%.
- Dogwifhat (WIF) is down by 4.30%.
- Bonk (BONK) is down by 2.34%.
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 $3.31 Million was liquidated, including $2.62 Million in long orders and $688K in short orders.
2) Dogwifhat $WIF Liquidation Data:
WIF also saw significant liquidations, mainly in long positions. The total liquidation amounted to $1.63 Millions, with $1.43 Million in long orders and $199K in short orders.
3) Bonk $BONK Liquidation Data:
BONK experienced notable liquidations, especially in long positions. The total liquidated value was $172K consisting of $156K in long orders and $16.55K 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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