A typical price volatility in the ecosystem of digital currencies is now occurring, and as a result, the total liquidation over the previous 24 hours has increased to $142.72 million. Data from cryptocurrency analytics service provider CoinGlass shows that Bitcoin (BTC), which has registered a total of 1.91K BTC worth a total of $50.26 million, is leading the liquidations.
Top three liquidated tokens
Given that the most popular digital currency has declined by more than 4% in the last 24 hours to $26,316.69, the liquidation of Bitcoin was well displayed. Along with Bitcoin, Ethereum saw a sharp decline in price as a total of almost 17,000 ETH were sold for a combined $29.93 million.
The third-most liquidated digital currency was the cartoonish meme coin PEPE, which was added significantly to the list of the top tokens that were liquidated. This month, PEPE saw a tremendous ascent to new heights, bringing its lifespan to just under a month
Over 5.6 trillion PEPE tokens, worth $7.20 million, have been liquidated in the last day on the meme coin. PEPE has produced more milestones and millionaires than any other token in a short period of time, in contrast to other tokens that have been introduced in the previous year.
More liquidation insight
According to liquidated data from CoinGlass, other widely used tokens such as Arbitrum (ARB), Litecoin (LTC), and Dogecoin (DOGE) also had substantial liquidations over the time period under consideration.
Investors are frequently taken off guard by price changes that eventually affect their portfolio since the cryptocurrency market is still ever-dynamic in terms of its volatility and economics. According to CoinGlass’ liquidation data, OKX was the exchange with the biggest liquidation, with Binance and Bybit rounding out the top three.
