In the past hour, liquidation counts for meme coins such as SHIB, DOGE, PEPE, and FLOKI have all exceeded those of ETH.

TechFlow reported, according to Coinglass data, $9.3464 million in liquidations occurred across the entire market in the past hour, including $3.5453 million longs and $5.8011 million shorts.

Meme coins such as SHIB, DOGE, PEPE, and FLOKI saw higher liquidation volumes than ETH: SHIB was liquidated for $697,000, DOGE for $654,800, PEPE for $622,200, FLOKI for $498,300, while ETH liquidations amounted to $324,400.