The recent crypto market has indeed been lively. Meme coin "114514" plummeted 67% in just 4 hours, with its market cap once shrinking to $13.92 million. What does this rollercoaster tell us?
Interestingly, Pepe has actually gained over 70% in the past week, with daily trading volume surpassing $1.1 billion—more than half of Doge's daily volume. This subtly signals a shift in market sentiment—enthusiasm for Meme coins seems to be reshuffling, gradually moving from "newbie dog coins" to exploring "classic old coins" with solid fundamentals.
Speaking of market dynamics, the US stock crypto sector was also active on Tuesday. Leading companies like MSTR closed down 4.1%, but after-hours, they rebounded by 7.17% due to positive news. This oscillating pattern indicates that large institutions are also testing the bottom.
On the other side, Buck's Bitcoin-pegged savings project is also heating up, involving asset allocation within related ecosystems, representing another innovative attempt within the Bitcoin ecosystem. Meanwhile, spot gold and silver have been steadily strengthening recently, frequently approaching historical highs.
Worth noting, the total liquidation of contracts across the entire network in the past 24 hours reached $459 million, mainly concentrated on short positions. This shows that those betting against the market are being continuously liquidated. When the market is rising, it's easiest to forget the risks. It is recommended to manage leverage carefully.
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MemeTokenGenius
· 01-09 23:35
Are the land dogs crashing again? I didn't buy any of those "must rise" coins last year, and it's the same this time.
Pepe's surge is so crazy, is someone really trading classic Memes... feels like the gambling nature is even stronger.
The name 114514 is well-chosen, no wonder.
MSTR's wavering momentum, are institutions also betting? Laughing to death, retail investors are even worse.
Contract liquidation hits 459 million... Every time I see this number, I think of those friends who went all-in; leverage is truly a double-edged sword.
Gold and silver hit new highs again? It seems like risk assets are just faking out.
Pepe's daily trading volume is 1.1 billion? How long can this hype last...
New coin projects one after another, is it ecological innovation or just cutting leeks? We have to see how they perform later.
This market rhythm is really torturous; better to hold spot and stay steady.
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SelfCustodyIssues
· 01-09 02:25
114514 This wave of sharp decline is incredible, 67% in four hours, this is the cost of new listings.
Pepe becoming so popular actually makes me a bit nervous, the relay of classic old coins is happening too quickly.
Shorts brothers, this wave you lost a lot, with $459 million liquidated, it's really tragic. Leverage is something better to avoid.
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WalletsWatcher
· 01-07 02:45
Stray Dog One-Day Tour, ancient coins increase tenfold, this is the fate of meme coins
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459 million liquidation, shorts are completely wiped out, leverage is really a trap for getting rich quickly
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Pepe rose 70%, I actually didn't catch up, it seems I still need to watch the market more
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MSTR's repeated fluctuations, institutions are also testing, is there still room below?
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Now, IPOing a stray dog is basically pure gambling, it's still more reliable to play with some fundamentals
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Gold and silver approaching historical highs, what are they trying to tell us?
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Don't open leverage too high, those who got liquidated for 459 million are all greedy people
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The 47-minute decline of 114514 made my eyes widen, this is truly a roller coaster
View OriginalReply0
rugpull_ptsd
· 01-07 02:33
114514 directly cut off, this is what a local dog should look like... On the other hand, Pepe, this old coin, has turned around, indicating that players have finally become a bit smarter.
The short position was also liquidated, and 459 million just disappeared like that. Does it hurt? Leverage really shouldn't be played with; a single wipeout and it's gone.
This wave of market activity feels like institutions are testing the waters. The way MSTR is stirring things up suggests that the bottom is indeed being explored.
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RamenDeFiSurvivor
· 01-07 02:29
114514 overnight evaporation, how much can be cut haha
Pepe is beginning to show signs of emerging, it seems old coins still have vitality
Short positions were liquidated for 459 million, serves them right for not cutting losses
Leverage players are about to pay tuition again, a moment of sympathy
The recent crypto market has indeed been lively. Meme coin "114514" plummeted 67% in just 4 hours, with its market cap once shrinking to $13.92 million. What does this rollercoaster tell us?
Interestingly, Pepe has actually gained over 70% in the past week, with daily trading volume surpassing $1.1 billion—more than half of Doge's daily volume. This subtly signals a shift in market sentiment—enthusiasm for Meme coins seems to be reshuffling, gradually moving from "newbie dog coins" to exploring "classic old coins" with solid fundamentals.
Speaking of market dynamics, the US stock crypto sector was also active on Tuesday. Leading companies like MSTR closed down 4.1%, but after-hours, they rebounded by 7.17% due to positive news. This oscillating pattern indicates that large institutions are also testing the bottom.
On the other side, Buck's Bitcoin-pegged savings project is also heating up, involving asset allocation within related ecosystems, representing another innovative attempt within the Bitcoin ecosystem. Meanwhile, spot gold and silver have been steadily strengthening recently, frequently approaching historical highs.
Worth noting, the total liquidation of contracts across the entire network in the past 24 hours reached $459 million, mainly concentrated on short positions. This shows that those betting against the market are being continuously liquidated. When the market is rising, it's easiest to forget the risks. It is recommended to manage leverage carefully.