The broader crypto market is consolidating, with meme coins like WIF, PEPE, and Catizen (CATI) seeing significant liquidations. Per CoinGlass, the market recorded $98 million in total liquidations, with WIF leading at $1.39 million. Long traders suffered most, losing $1.2 million, while PEPE saw $1.27 million in liquidations, with long traders losing $1.03 million.

Catizen (CATI) faced even higher liquidations, topping $5.88 million. The token's price rose by just 1.02% to $0.9294 after significant hype, boosted by a Bybit listing. Trading volume surged over 4,200%, hitting $1.13 billion.

The future trend for these tokens remains unclear, though PEPE and WIF continue to perform well. This liquidation trend highlights the need for investor caution in the volatile market.