Market Data 
The volatile crypto market has seen huge liquidations during the recent twenty-four hours. The cumulative crypto liquidations over 24 hours have reached $342.26 million, with Ethereum ($ETH) seeing the biggest amount. An on-chain analytics platform, Pheonix, took to social media to share the list of major crypto liquidations.
LIQUIDATION DATA IN 24 HOURS
TOTAL LIQUIDATIONS: UP TO $342.26M
TOP 5 COINS WITH HIGHEST LIQUIDATION:… pic.twitter.com/7qBxhjV87c
— PHOENIX – Crypto News & Analytics (@pnxgrp) January 14, 2025
Ethereum Leads the Crypto Liquidations Over Past 24 Hours with a Staggering $136M
As per the list of prominent crypto liquidations over the past twenty-four hours, Ethereum ($ETH) topped with $136.18M in cumulative liquidations. During the market-wide downturn, Ethereum’s price dipped below the $3,000 mark for a brief time. However, following that, the asset has been recovering. Currently, it is trading at $3,192.90.
Bitcoin Incurs Total Liquidations of $112.31M
Additionally, Bitcoin ($BTC) also experienced substantial liquidation of up to $112.31M during the same time window. The market data reveals that the top crypto token’s price plunged below $90K spot, Nevertheless, after that, it has displayed a remarkable recovery. In this respect, Bitcoin is now changing hands at $95,820.57.
Top Memecoin Sees $12.14M in Cumulative Liquidations
The next crypto token in the list of top liquidations is Solana ($SOL). The crypto token saw a $16.69M in cumulative total liquidation. Due to the overall market decline, $SOL’s price decreased below 177.97. Nonetheless, it has been rising back since then. Hence, now it stands at $186.23. Apart from that, Dogecoin ($DOGE) went through a liquidation of nearly $12.14M. The top memecoin dropped to $0.32 amid the broader market dip. However, since that dip, it has now recovered to $0.35. This price level signifies a nearly 8% increase.
Subsequently, Ripple ($XRP) has taken the 5th position among the major liquidations with a $11.28M. The crypto token reportedly slumped below $2.43 because of the market downturn. On the other hand, its present price is $2.59, reflecting a 5% spike. In addition to this, dogwifhat ($WIF) recorded $8.92M in liquidations over the recent 24 hours. The crypto market dip pushed $WIF’s price below $1.36 leading to a recovery. Currently, the crypto token is trading at $1.51.
Pnut Secures 10th Rank with $5.55M in Liquidations
The list moves on to include Fartcoin ($FARTCOIN) on the 7th rank with a liquidation of $8.39M. $FARTCOIN is now standing at $1.05 after a recent dip below $0.7. Sui ($SUI) comes after with $7.61M in liquidations. Its price plunged below $4.32 just to substantially recover to $4.58. Simultaneously Ethena ($ENA) beheld $6.78M in liquidations. The crypto decline pushed $ENA’s price below $0.73 however its present price is $0.82. Along with that Pnut ($PNUT) has seen $5.55M in liquidations. The token’s price dropped below $0.00066 as a result of the market decline. But, since then, it has slightly recovered to reach $0.00070.
