
The meme coin sector’s surge was followed by sharp volatility, as Solana-based 114514 plunged 67% in four hours while broader meme coin trading activity and liquidation levels remained elevated.
The meme coin market’s early January rally was followed by heightened volatility, with Solana-based meme token 114514 dropping 67% in four hours and its market cap falling to $13.92 million. Over the past 24 hours, global crypto liquidations reached $459 million, driven mainly by short positions. Meme coin activity also intensified, with Pepe trading volume hitting $1.1 billion—more than half of Dogecoin’s daily volume—underscoring continued speculative demand despite rapid price swings.