Meme Coin Crash: $WIF, $PEPE, $ANIME, & More Down 50% — Buy the Dip or Bail Out?
Meme coins like $WIF, $PEPE, and $ANIME just got hit hard, dropping more than 50%. Airdrop hype, weak liquidity, and profit-taking have hurt investor sentiment.
But, even in the mess, some tokens like $BRETT and $CHILLGUY has shown resilience, making people wonder: is this the lowest point, or will prices keep falling?
$WIF is leading the big correction in meme coins. Analysts suggest it continues to lurk in a wave-(3) downtrend , with possible resistance between $0.825 and $1.425.
If it breaks above $1.425, that could mean a low point is in, but for now, prices could still go lower.
For $PEPE investors, the 70% drop is a shock. However, experienced traders point out that past cycles show huge rebounds after dips.
Even with the crash, many holders are still up just by buying when prices were lower . With sentiment at extreme fear, those who bet against the crowd might see this as a good time to buy.
Related: CZ Scoffs at Bitcoin “Crash” Talk as BTC Slides Under $90K
On the other hand, newer meme coins like $ANIME and $PENGU have taken a beating after airdrops.
$PENGU, for example, fell 70% from its high because of weak liquidity and short-term hype traders selling. Still, those who support it believe innovation and real use will decide if it lasts.
Technical indicators point to a possible falling wedge breakout , which could lead to a 130-150% rebound.
Despite the overall market slump, $CHILLGUY has been surprisingly strong, bouncing back sharply.
Analysts set targets at $60-$70 million market cap, market cap, predicting more gains if key resistance levels are broken.
Also, $BRETT’s story as the “King of Base” is still going strong.
While meme coin trends come and go, $BRETT has focused on building community-driven value , hosting events, and backing real-world initiatives. Its stronghold during this dip has reignited bullish sentiment, with many calling for new highs in 2024.
Related: Brett’s $BRETT Surpasses $BONK, Climbs to 57th on CoinMarketCap
Meme coins are still very risky, but history shows big drops often come before huge recoveries.
Projects with strong communities and long-term plans might weather this storm. However, traders need to be ready for more ups and downs until things get clearer.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Crypto Market Shaken by $245M Bitcoin Long Squeeze, Open Interest Declines
A new analysis from CryptoQuant shows a major Bitcoin long liquidation event erased about $245.3 million when Bitcoin hit $89,700. This event also caused a big drop in open interest.
The rapid sell-off led to increased volatility, forcing traders to reassess market conditions as Bitcoin formed a potential new support level. The event shows the dangers of too much leverage in the crypto market..
Long squeezes often lead to cascading liquidations, where forced sell-offs push prices lower, accelerating downward momentum.
A long squeeze occurs when long-position holders are forced to sell as prices decline, CryptoQuant’s Amr Taha explained .
This starts automatic liquidations, speeding up a fast sell-off. Bitcoin’s fall below $89K resulted in lots of liquidations, removing liquidity from the market.
As liquidation engines closed positions, large buy orders from whales and market makers absorbed the selling pressure. According to Taha, this high-volume liquidation usually levels out prices, as institutional investors use the chance to buy assets at lower prices.
Also, he added market makers often use these liquidation zones to place limit orders at good prices.
Related: Bitcoin Bull Run Cycle? Chart Points to Next Phase for BTC with Price Analysis
In the past 24 hours, $226.72 million was liquidated from crypto traders, with $177.52 million coming from long positions. The largest liquidation event happened in a single hour, reaching $657.28K, with short traders making up $630.62K of that amount. This underlines the market’s ongoing volatility.
Despite the liquidation, Bitcoin’s open interest (OI) increased slightly by 0.69%, reaching $57.09 billion. This uptick from over $60 billion prior to the liquidation event suggests that traders are still maintaining leveraged positions.
Options open interest also saw growth, rising 3.33% to $32.50 billion, indicating continued interest in BTC options contracts.
However, Bitcoin’s derivatives trading volume dropped by 18.57% to $125.73 billion, while options volume fell by 7.12% to $4.14 billion.
The BTC OI-weighted funding rate remains slightly positive, reflecting a neutral-to-bullish sentiment. Funding rates across major exchanges such as Binance, Bybit, and OKX are currently between 0.0010% and 0.0100%, suggesting that traders still have an optimistic outlook on Bitcoin’s recovery.
Moreover, the long/short ratios remain elevated, with Binance at 2.5423 and OKX at 2.91. This indicates that traders continue to bet on upward price movement despite the recent long liquidations.
Related: Bitcoin Price Prediction: $90K Break – Dip or Rebound Next?
In conclusion, while the rise in open interest indicates traders are keeping leverage, the decline in trading volume signals a possible reduction in speculative activity. If traders keep using too much leverage, the risk of more liquidation waves is still high.
As of the latest data, Bitcoin is trading at $88,763, marking a 0.3% decline over the past 24 hours and bringing its weekly loss to 7.1%.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Altcoin Purge: Can Crypto ETFs Save Strong Projects from Market Crash?
The cryptocurrency market is changing a lot in 2025, different from the previous times of huge growth.
After years of overall market rallies, the time when almost every altcoin surged, may be ending.
Industry experts, like Ki Young Ju, CEO of CryptoQuant, predict that most altcoins could disappear in the coming months. The key to survival then will be to prove they are financially sound and have institutional investor backing.
That in the current market situation is what would churn out projects that do well from those that fade away.
The crypto market is now in what some analysts are calling a “purge” phase. Market corrections are causing the liquidation of too many leveraged positions.
About 24% of the 200 largest cryptocurrencies have just reached their lowest prices of the year, showing that the bubble of risky growth is shrinking.
Related: Altcoin Season Watch: Bitcoin Dominance Holds, But Breakout Signals Flash
Juan Pellicer, senior analyst at IntoTheBlock, notes that this correction is normal for the market’s cycle. Many altcoins, like Solana, have seen major sell-offs, showing this common trend.
For investors, this time might be a chance to buy back in at lower prices. However, it could also be a sign that the market is starting to tell the difference between good projects and those that are less likely to succeed.
During this market shake-up, there are a few altcoins that are primed to benefit from emerging opportunities, especially crypto exchange-traded funds (ETFs). Seven major cryptocurrencies are waiting for approval from U.S. regulators for ETF listings:
If their requests are approved, these assets could attract large institutional investment, giving them a much-needed boost.
Still, ETF approval is just one part.
Related: Altcoin Watchlist: SUI, INJ, LINK, ONDO, OM – Which Will Lead the Crypto Bull Run Starting Next Week?
The basic economic strength of each project and user involvement will also be very important in deciding which cryptocurrencies can stay relevant.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.