【Block Beats】Entering the second week of January, Bitcoin has shown a significant correction after its strong upward momentum in the early new year. As of January 7th, BTC is trading at $92,488, down from its recent peak. This round of pullback has also affected the entire Meme coin ecosystem, with previously prominent projects experiencing sharp declines.
The most severe case is the “114514” meme coin. It experienced a dramatic roller coaster within just one week — first creating a market cap peak of $57.03 million, but then becoming subject to relentless profit-taking. In just one day, this coin plummeted over 90%, with its current market cap now shrinking to $3.91 million. The speed of the fall from glory to collapse is astonishing.
It’s not just this extreme example; other well-known Meme coins have also suffered in this round of correction:
PEPE declined 10% to $0.00000653; NEIRO fell 9.34% to $0.000143; FLOKI dropped 9.64% to $0.0000559; PENGU showed relative resilience, declining only 7.36% to $0.0128; BONK suffered the worst, falling 13.51% to $0.0000116; PNUT declined 14.66% to $0.09; BOME fell back 11.84% to $0.000774.
This round of adjustment reflects typical market characteristics: after a euphoric rally, risk assets face the greatest selling pressure. Meme coins, as high-risk, high-volatility assets, experience the most obvious selling pressure during BTC correction periods. For investors who chased the highs, this serves as a sobering lesson.
114514is a 90% drop in a single day—that's what happens when you don't properly isolate private keys. On-chain data had already signaled it, yet some people still refused to acknowledge it.
BTCは年初に高値をつけてから9.2万まで下落、Memeコインは一斉に急落、114514は1日で90%暴落
【Block Beats】Entering the second week of January, Bitcoin has shown a significant correction after its strong upward momentum in the early new year. As of January 7th, BTC is trading at $92,488, down from its recent peak. This round of pullback has also affected the entire Meme coin ecosystem, with previously prominent projects experiencing sharp declines.
The most severe case is the “114514” meme coin. It experienced a dramatic roller coaster within just one week — first creating a market cap peak of $57.03 million, but then becoming subject to relentless profit-taking. In just one day, this coin plummeted over 90%, with its current market cap now shrinking to $3.91 million. The speed of the fall from glory to collapse is astonishing.
It’s not just this extreme example; other well-known Meme coins have also suffered in this round of correction:
PEPE declined 10% to $0.00000653; NEIRO fell 9.34% to $0.000143; FLOKI dropped 9.64% to $0.0000559; PENGU showed relative resilience, declining only 7.36% to $0.0128; BONK suffered the worst, falling 13.51% to $0.0000116; PNUT declined 14.66% to $0.09; BOME fell back 11.84% to $0.000774.
This round of adjustment reflects typical market characteristics: after a euphoric rally, risk assets face the greatest selling pressure. Meme coins, as high-risk, high-volatility assets, experience the most obvious selling pressure during BTC correction periods. For investors who chased the highs, this serves as a sobering lesson.