Meme Coin Market Plunges, Leading to Massive Liquidations

Meme 币市场暴跌，导致大规模清算

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

比特币一度飙升至 95,000 美元，但迅速下跌，引发山寨币的大幅抛售，尤其是模因币类别。

Meme Coin Market Cap Crashes

Meme 币市值暴跌

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币市值大幅下滑，从1300亿美元以上跌至1150亿美元，跌幅超过10%。这一下跌导致加密货币市场在过去 24 小时内下跌 2.3%。

Top Meme Coin Losers

热门 Meme 硬币损失者

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 遭受大幅亏损，分别暴跌近 20% 和 17%。其他值得注意的两位数亏损包括 BONK (-12%)、WIF (-11.3%) 和 PEPE (-10.5%)。

DOGE and SHIB Recover Partially

DOGE和SHIB部分恢复

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 这两个最著名的模因币经历了大幅下跌，但后来收复了部分损失。 DOGE 从 0.4 美元跌至 0.364 美元，但随后反弹至 0.375 美元。 SHIB也呈现类似趋势，自昨天以来下跌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 数据显示，过去 24 小时内清算头寸总计 4.15 亿美元，其中多头占很大一部分（3.11 亿美元）。 BTC 并未主导清算；相反，较低市值的模因币承担了这个角色。在此期间，超过 160,000 名交易者面临清算。

Heat Map

热图

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

来自 Coinglass 的清算热图按资产类别概述了清算活动。