Why Are Pepe, ADA, XLM, Solana Going Down?
A crypto crash is going on, leading to substantial losses and liquidations among bullish investors. Bitcoin (BTC) price has dropped from this week’s high of $84,500 to $81,000, while Ethereum (ETH) is stuck below $2,000.
Other popular altcoins have also plunged. Pepe (PEPE), the third-biggest meme coin, has crashed by over 75% from its highest level last December. This crash has led to a $7 billion wipeout as the market cap has dropped to below $3 billion.
Cardano (ADA) price has moved to $0.70, down from last year’s high of $1.32. Stellar (XLM) and Solana (SOL) have also plunged in the past few weeks. Altogether, the ongoing crypto crash has led to a $1 trillion wipeout.
