Bitcoin

PEPE

POPCAT

Coin

Bitcoin reached a new peak of $95,000 hours ago but was rejected and pushed south by over a grand within minutes.
Although it has recovered some ground, many altcoins, especially from the meme coin niche, have plummeted hard, leaving over $400 million in liquidations on a daily scale.
The specific dump is evident by the plunging meme coin market cap. While that of the entire crypto market has dropped by 2.3% over the past 24 hours to $3.2 trillion on CG, the meme coins have lost more than 10% and their own capitalization has slumped from over $130 billion to $115 billion, according to CoinGecko.
The biggest losers over the past day include POPCAT, which has slumped by nearly 20%, and PNUT, which is down by 17%.
More double-digit losses from the largest 100 meme token alts come from the likes of BONK (-12%), <a href="https://cryptopotato.com/dogwifhat-wif-soars-to-a-7-month-high-following-support-from-coinbase-details/" data-wpel-link="internal" rel="noopener noreferrer nofollow">WIF</a> (-11.3%), and PEPE (-10.5%).
Recall that many of these assets registered impressive gains in the past few weeks. PEPE <a href="https://cryptopotato.com/4-possible-reasons-behind-pepes-50-surge-to-new-all-time-high/" data-wpel-link="internal" rel="noopener noreferrer nofollow">tapped</a> a new all-time high after a few interactions with prominent exchanges like Coinbase and Robinhood. BONK <a href="https://cryptopotato.com/bonk-bonk-outshines-dogwifhat-wif-regaining-dominance-as-solanas-leading-meme-coin/" data-wpel-link="internal" rel="noopener noreferrer nofollow">did the same</a> earlier today, but is down by more than 16% since then.
Even the two top dogs from the niche experienced painful declines but managed to recover most of the losses. <a href="https://cryptopotato.com/dogecoin-doge-could-skyrocket-by-120-if-it-holds-this-important-resistance-analyst/" data-wpel-link="internal" rel="noopener noreferrer nofollow">DOGE</a> stood at $0.4 at this time yesterday but dumped to $0.364. However, it has bounced off to $0.375 as of now. SHIB’s price performance is similar on a daily scale and is down by 6.5% since yesterday.
CoinGlass data shows that the total value of wrecked positions in the past 24 hours equal $415 million, with longs responsible for the lion’s share ($311 million). BTC is not in the first position, as others – most likely lower-cap memes, have taken the lead. North of 160,000 traders were liquidated within this timeframe.
<figure id="attachment_371482" aria-describedby="caption-attachment-371482" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-20-222833.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-371482" src="https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-20-222833.png" alt="Liquidation Heat Map. Source: CoinGlass" width="1362" height="456" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-20-222833.png 1362w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-20-222833-300x100.png 300w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-20-222833-1024x343.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-20-222833-768x257.png 768w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-20-222833-50x17.png 50w" sizes="(max-width: 1362px) 100vw, 1362px"></a>
 <figcaption id="caption-attachment-371482" class="wp-caption-text">
 Liquidation Heat Map. Source: CoinGlass
 </figcaption>
</figure>
The post <a href="https://cryptopotato.com/meme-coin-bloodbath-as-pepe-bonk-wif-pnut-popcat-dump-by-double-digits/" rel="noopener noreferrer nofollow">Meme Coin Bloodbath as PEPE, BONK, WIF, PNUT, POPCAT Dump by Double Digits</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Meme Coin Bloodbath as PEPE, BONK, WIF, PNUT, POPCAT Dump by Double Digits

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