KEY POINTS
- Nearly $250 million worth of $ETH had been liquidated overnight
- Bitcoin also saw nearly $190 million wiped out, followed by $XRP with $100 million liquidated
- Memecoins were also hit hard, including top meme token $PEPE, which had just hit an $11 billion market cap
Another bloodbath has taken place in the cryptocurrency market, wiping out $1.76 billion, with hundreds of thousands of traders being liquidated as Ethereum (ETH) led the overnight liquidations.
