WIF, PEPE and CATI Liquidation Hints Epic Reset
Release: 2024/09/21 21:05 Reading: 932
Cover Image: Courtesy of U.Today
The broader cryptocurrency market is undergoing intense consolidation, with the heat impacting high-performing meme coins like WIF (dogwifhat), PEPE, and Catizen (CATI). Data from CoinGlass indicates total industry liquidations of $98 million.
WIF, PEPE, and CATI on the Front Lines
According to data from CoinGlass, these tokens have outperformed most altcoins in 24-hour liquidation figures. Solana-based WIF has recorded $1.39 million in total liquidations, with long traders suffering the most at $1.2 million liquidated, while short traders lost just $192,820.
PEPE also saw high liquidations of $1.27 million, with long traders losing $1.03 million. PEPE short trading incurred a loss of $242,960, reflecting a 1.86% price drop over 24 hours to $0.000008411.
Catizen garnered significant attention, with liquidation figures reaching $5.88 million. Short traders lost a substantial $3.16 million, while long trading saw a loss of $2.72 million.
Catizen's liquidation trend is likely related to its launch on September 20 amidst significant hype. However, the hype is fading rapidly, with the price rising only slightly by 1.02% to $0.9294 over 24 hours. As a trending token, its trading volume has surged by over 4,200% to $1,130,882,362.
Catizen's Exchange Boost
Catizen has maintained a top position in recent times, representing a new niche of high-performing digital tokens favored by the GameFi ecosystem.
As previously reported, Catizen secured a listing on Bybit, solidifying its future presence and triggering intense liquidation trends.
The future performance of these three featured tokens remains uncertain. However, PEPE has been consistently mentioned in high-profile performance metrics, as reported by U.Today. WIF also ranks among the most successful meme coins on the Solana blockchain.
While the current liquidation trend may be temporary, it highlights the cautious outlook dominating the broader market.
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