It seems that the euphoria around coins has finally died down. Of the ten worst-performing categories on CoinGecko, five are cryptocurrency-related. Meanwhile, the most painful losses are associated with small-cap stocks.
Solana meme basecoin ecosystems bleeding: Double-digit losses recorded within 24 hours
In the past 24 hours, amid general apathy in the cryptocurrency market, meme-related currencies have once again suffered the most. Two ecosystems showed the worst performance metrics. Meme Coins on Base, Coinbase L2 for Ethereum ETH/USDIt lost more than 18% of its value overnight. Image by CoinGecko
The total value of the 38 largest meme currencies fell to $142 million. The price of the BRETT meme has fallen by more than 40%.
Solana 
SolUSD The meme currency chip erased 12.6% of its value. The net market cap of Solana-based cryptocurrencies barely exceeds $1.67 billion.
Also, cat-themed meme coins and BRC-20 assets (some tokens in this category are also associated with memes) are among the worst performers.
While the value of the cat coins decreased by 8.8%, the BRC-20 cryptocurrencies lost 8.7% of the total value.
DOGE, WIF and BONK positions worth $8.5 million were liquidated, mostly longs
This meme drop led to eight-figure liquidations in the futures markets. Dogecoin 
DojiUSDDuguyvat WWIFAnd Bonk (Bonk) and Baby 
BabyUSDT They are the worst sufferers here.
With a total of $150 million liquidated over the past 24 hours, the three largest meme coins are responsible for a loss equivalent to $8.5 million.
More than 80% of this amount should be attributed to long positions.
The data says that the total market capitalization of cryptocurrencies decreased by 2%.