- Bitcoin dipped below $95K, while altcoins like Solana, Dogecoin, and BNB saw even steeper losses.
- Solana plunged 8.8% in 24 hours, hit hard by the LIBRA meme coin scandal and fraud charges against Argentina’s president.
- Altcoins are deep in the red, with Cardano down 7%, XRP, Dogecoin, and BNB losing 6%, and Ethereum dropping nearly 5%.
The crypto market is bleeding red on Tuesday, with Bitcoin slipping below $95,000, marking its lowest price in weeks. But BTC’s 1.5% daily dip and 2% weekly loss? Mild compared to the bloodbath among altcoins.
Solana Gets Hit Hard Amid LIBRA Meme Coin Scandal
If there’s one crypto taking the biggest hit, it’s Solana (SOL).
- Down 8.8% in 24 hours
- Lost 16.5% over the past week
- A brutal 39.1% drop in a month
Why? A meme coin disaster.
- LIBRA, a Solana-based token, exploded in value—then crashed 90% after Argentine President Javier Milei promoted it, then quickly backtracked.
- Now, Milei is facing fraud charges, and Argentina’s stock market is tanking.
- Solana’s ecosystem is feeling the pain, with DEX tokens like Jupiter (JUP) and Raydium (RAY) dropping 17% and 15%, respectively.
Altcoins Follow Bitcoin’s Slide—Top 10 Coins Bleeding
Bitcoin’s dip below $95K (currently at $94,202) isn’t the biggest story—it’s the brutal selloff across major altcoins.
With macro uncertainty and meme coin chaos, investors seem to be in full risk-off mode.
Final Take: Is More Pain Ahead?
With Solana still reeling from the LIBRA scandal, and Bitcoin struggling to stay above key support, the broader market sentiment looks shaky.
Unless BTC finds stability, altcoins could see even deeper corrections—especially those tied to volatile narratives like meme coins.
