The cryptocurrency market is rebounding strongly following a severe sell-off, with memecoins and major tokens experiencing renewed buying interest. The memecoin market cap has surged to $68.8 billion, driven by significant gains in Dogecoin (DOGE), WIF, and PENGU. Bitcoin (BTC) has recovered to $115,227 after the flash crash, while Ethereum (ETH) and Solana (SOL) have also posted notable rallies.
Arjun Vijay of Giottus described the recent crash as a 'temporary glitch' triggered by cascading liquidations and leverage. Analysts believe this correction has cleared excess leverage, potentially paving the way for a more robust market recovery.
Memecoins Lead Crypto Market Recovery Post-Flash Crash
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