Meme Coin Market Plunges, Leading to Massive Liquidations

Meme 幣市場暴跌，導致大規模清算

Bitcoin briefly soared to $95,000 but swiftly declined, triggering a sharp selloff in altcoins, particularly in the meme coin category.

比特幣一度飆升至 95,000 美元，但迅速下跌，引發山寨幣的大幅拋售，尤其是模因幣類別。

Meme Coin Market Cap Crashes

Meme 幣市值暴跌

The meme coin market capitalization witnessed a significant drop, falling from over $130 billion to $115 billion, marking a loss of more than 10%. This decline contributed to the broader cryptocurrency market's 2.3% decline over the past 24 hours.

Meme幣市值大幅下滑，從1,300億美元以上跌至1,150億美元，跌幅超過10%。這一下跌導致加密貨幣市場在過去 24 小時內下跌 2.3%。

Top Meme Coin Losers

熱門 Meme 硬幣損失者

POPCAT and PNUT suffered substantial losses, plummeting by nearly 20% and 17%, respectively. Other notable double-digit losses were seen in BONK (-12%), WIF (-11.3%), and PEPE (-10.5%).

POPCAT 和 PNUT 遭受大幅虧損，分別暴跌近 20% 和 17%。其他值得注意的兩位數虧損包括 BONK (-12%)、WIF (-11.3%) 和 PEPE (-10.5%)。

DOGE and SHIB Recover Partially

DOGE和SHIB部分恢復

DOGE and SHIB, the two most prominent meme coins, experienced significant declines but later recovered a portion of their losses. DOGE fell to $0.364 from $0.4 but has since rebounded to $0.375. SHIB exhibited a similar trend, declining by 6.5% since yesterday.

DOGE 和 SHIB 這兩個最著名的迷因幣經歷了大幅下跌，但後來收復了部分損失。 DOGE 從 0.4 美元跌至 0.364 美元，但隨後反彈至 0.375 美元。 SHIB也呈現類似趨勢，自昨天以來下跌6.5%。

Liquidation Surge

清算激增

Coinglass data reveals a total of $415 million in liquidated positions over the past 24 hours, with longs accounting for a substantial portion ($311 million). BTC did not lead the liquidations; instead, lower-cap meme coins assumed that role. Over 160,000 traders faced liquidations during this period.

Coinglass 數據顯示，過去 24 小時內清算部位總計 4.15 億美元，其中多頭佔很大一部分（3.11 億美元）。 BTC 並未主導清算；相反，較低市值的模因幣承擔了這個角色。在此期間，超過 16 萬名交易者面臨清算。

Heat Map

熱圖

The liquidation heat map sourced from Coinglass provides an overview of the liquidation activity by asset category.

來自 Coinglass 的清算熱圖按資產類別概述了清算活動。