As the cryptocurrency correction accelerates, meme coins are among the worst sufferers yet again thanks to being highly volatile. Traders of meme coins faced an eight-digit liquidation wave in the last 24 hours.Brett or Brett on Base , the largest meme coin of Coinbase's L2 Base , is registering double-digit losses for the second day in a row. Yet again it is among the worst performers on the top 100 list, with 15.2% lost overnight.
Other top-league meme coins under performed the market benchmark as well. Dogwifhat is down by 9.6%, while Shiba Inu has dropped by 6.2%. WIF is close to seeing its cap under $2.5 billion. Dogecoin , the largest meme cryptocurrency, is down by 5.6%, while the cryptocurrency market as a whole lost 3.7% in capitalization.CoinGlass data shows that PEPE, WIF and DOGE traders are among the worst affected by liquidations, mostly in the longs segment.
In terms of categories, cat-themed meme coins and Base meme coins are losers today, CoinGecko data shows. The categories lost 18.7% and 15.1% of their cap overnight.Will Shiba inu Lose $0.00002? Bitcoin Plummets After Hitting $70,000, Solana Might Be Safest Asset on Market's Top Right Now Will Shiba inu Lose $0.00002? Bitcoin Plummets After Hitting $70,000, Solana Might Be Safest Asset on Market's Top Right NowBinance Labs Invests In Zircuit To Advance L2 With AI-Enabled Sequencer Level Security
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