- BONK meme coin worth bleeding, cap erases $100 million in 24 hours
- Meme crypto liquidations goal $50 million
As cryptocurrency market retains shedding worth, the meme coin phase is underneath strain. Bonk (BONK), a large-cap canine coin, is amid the worst performers as we speak within the prime 100. Dogecoin (DOGE), the most important meme cryptocurrency, additionally underperforms the market benchmark.
BONK meme coin worth bleeding, cap erases $100 million in 24 hours
Bonk (BONK), a big meme cryptocurrency on Solana (SOL), is posting double-digit losses as we speak. Within the final 24 hours, the Bonk (BONK) worth plunged by over 11%. Right now BONK hit a neighborhood low at $0.00001129 at declining buying and selling quantity, CoinGecko knowledge says.
Different main meme cash are additionally within the pink as we speak. Dogecoin (DOGE), the flagship cryptocurrency of the category, misplaced 7% and slipped to $0.1689. The Pepe (PEPE) meme coin can also be 7% down.
Shiba Inu (SHIB) misplaced 5.4%, erasing nearly $500 million. The SHIB worth hit a neighborhood low as we speak in early morning hours at $0.00001263.
The aggregated cryptocurrency market cap is down by 4.3%, whereas Bitcoin (BTC) and Ethereum (ETH), the most important cryptocurrencies, misplaced 3.4% every.
Meme crypto liquidations goal $50 million
Smaller meme cash are additionally posting double-digit losses. SPX6900 (SPX), one of many largest Murad’s picks, dropped by 16.8% to $0.4531. NFT-linked meme coin Pudgy Penguins (PENGU) misplaced 10.3% of its market capitalization.
As crypto is closing Q1, 2025 within the pink, liquidations speed up. In whole, $344 million in positions, largely longs, had been liquidated within the final 24 hours.
Meme cash contributed to this large quantity with VINE, DOGE, PEPE, MUBARAK, TUT being affected essentially the most. Open curiosity on crypto contracts dropped by 4% in 24 hours.