Cryptocurrency Market Carnage: XRP And Dogecoin Plunge, Meme Coins Plummet 12%, Liquidations Hit 3-Year High
The cryptocurrency market plunged as the meme coin sector dropped 12%, XRP and Dogecoin nosedived and crypto liquidations hit a three-year high. The market capitalization of all cryptos tumbled 4% to around $3.47 trillion as of 1:57 a.m. EST as XRP and Dogecoin led losses among the top 10 cryptos with drops of 9.9% and 8.2%, respectively, as of 3:10 a.m. EST. POPCAT, IOTA And WIF Suffer Most As Crypto Liquidations Spike In Cryptocurrency Market Carnage Solana meme coins were among the biggest losers in the last 24 hours. Feline-themed token Popcat (POPCAT) suffered the biggest loss after its price plunged over 21%. Dogwifhat (WIF) also made the top 3 losers list following a 17% drop in value. Meanwhile, Internet of Things project IOTA posted the second biggest loss of more than 18%. The recent drop in crypto prices also led to over $1.5 billion in longs being liquidated, which is the highest liquidation of bullish trades since 2021. CoinGlass data shows that altcoin f...