Monat: März 2025

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Crypto market sees over $230 million in liquidations

The crypto market continues to struggle with downward pressure, with over $230 million in liquidations recorded in a single day.

Per data from Coinglass, total liquidations were up 157% in the past 24 hours. Over this period, more than 95,478 traders had been liquidated.

At the time of writing, the total liquidations stood at $232 million. Data showed the largest single liquidation order coming in on Binance for an ETH/USDT position valued at $5.59 million.

ETH, XRP and SOL liquidations

The crypto market’s total capitalization stands at $2.8 trillion, with Bitcoin’s dominance at 58.9%.

However, the latest wave of liquidations has hit traders hard, particularly those convinced the price was on the upward mend.

With leveraged positions largely longs, most of the rekt positions were bullish bets. Coinglass data shows over $73 million and nearly $44 million are for Bitcoin and Ethereum.

XRP and Solana also witnessed huge liquidation.

Crypto price outlook

As noted, Bitcoin (BTC) saw over $73 million in liquidations.  This followed another massive short position for BTC, with a whale taking a 40x leverage. The whale’s liquidation is above $86,000. BTC price currently hovers around $83,316. What happens to the whale?

Crypto trader and analyst Ash Crypto notes an announcement from Strategy founder Michael Saylor buying more BTC could see the $380 million whale record substantial losses.

“If Saylor announces that he is buying $2 billion Bitcoin soon or even hints it, $380 million 40x short whale will get liquidated in a single candle,” the analyst posted on X.

Another analyst shared:

Currently, Bybit, Binance and OKX lead the total liquidations mark.

As bulls plot to fell the bears, the rising liquidations underscore the risks of leverage. In a volatile market, millions or even billions could get wiped out in hours.

The post Crypto market sees over $230 million in liquidations appeared first on CoinJournal.

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Bounce Token (AUCTION) spikes 36% to lead top gainers

  • Bounce Token soared more than 36% on Sunday, gaining to an intraday high of $36.17.
  • Analysts predict a breakout for AUCTION price.

Bounce Token (AUCTION) has surged by an impressive 36% over the past 24 hours, emerging as among top gainers in the 500 largest coins by market cap. Only Ancient8 (AB) with a staggering 109% in 24 hours and BinaryX (BNX) with 40% as surged by more.

Notably, this price spike comes as most altcoins look to hold onto gains as Bitcoin hovers near $84k.

Bounce Token price recap: A 36% surge in 24 hours

According to CoinMarketCap data on March 16, 2025, Bounce Token (AUCTION) climbed 36% to reach an intraday high of $36.17. While the altcoin, native to the decentralised auction platform, remains about 49% from it’s all-time high of $70.56, it has seen significant gains in recent weeks.

Bounce Token price chart by CoinMarketCap

Per CoinMarketCap, AUCTION price has jumped by about 107% over the past seven days and 204% in the past month. These gains have pushed Bounce Token’s market capitalization to around $232 million.

Meanwhile, trading volume has also skyrocketed, up 230% in 24 hours to hover at $590 million at the time of writing.

Why is the AUCTION price up today?

Bounce Token’s price rally builds on AUCTION’s longer-term momentum. Part of this has to do with the growth in the ecosystem and new project launches.

One of these is Auction Intelligence, an artificial intelligence (AI) agent launchpad by Bounce Finance, which went live on the BNB Chain.

Although the market is largely negative, Bounce Token bucks the trend with notable impetus from its traction in the DeFi space. There’s also huge anticipation around real-world collectibles.

As noted above, an innovative auction mechanism and adoption are key to the current upward trajectory.

Can AUCTION bounce to a new ATH?

If the bulls hold key support levels, such as the $30, its possible they could target the $60 mark seen in November 2021. From here, with supportive market conditions, it would be a new ATH for buyers.

Crypto insights provider Crypto Sat shared an outlook for AUCTION price on March 12.

 

On the flipside, profit taking deals could allow bears to target $20 and then $10 – previous demand reload zones.

The post Bounce Token (AUCTION) spikes 36% to lead top gainers appeared first on CoinJournal.

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LIBRA creator Hayden Davis linked to WOLF token

  • Hayden Davis, the alleged architect of the LIBRA and MELANIA meme coins, is back in the spotlight with the launch of a new token called WOLF.
  • This move comes despite Davis being named in an Interpol notice, raising fresh concerns about his activities in the volatile world of digital currencies.

Bubblemaps, Coffeezilla link Hayden to WOLF token

According to a new report from blockchain analytics firm Bubblemaps, Davis is once again at the center of a questionable crypto venture—one that echoes the dramatic rise and fall of his previous projects.

The investigation, conducted in partnership with popular YouTube investigator Coffeezilla (real name Stephen Findeisen), uncovered compelling evidence linking Davis to WOLF.

WOLF, which appeared to capitalize on the fame of Jordan Belfort—the former stockbroker who inspired Martin Scorsese’s ‘The Wolf of Wall Street’—initially surged in popularity. A WallStreetBets social media account heavily promoted the new token on March 8, with WOLF hitting a staggering $40 million market cap. That’s before it crashed in what many see as yet another “rug pull” scam.

Bubblemaps’ on-chain analysis painted a damning picture.

The firm found that 82% of WOLF’s supply was held in a single bundle—a telltale sign of manipulation common in fraudulent token launches. Digging deeper, investigators traced a complex web of transactions across 17 addresses and five cross-chain transfers, all pointing back to a single wallet: OxcEAe, identified as belonging to Davis.

“We exposed Hayden Davis as the mind behind LIBRA, MELANIA, and other tokens. We thought his days of launching tokens were over. But we were wrong,” the Bubblemaps wrote on X.

Coffeezilla, known for his deep dives into crypto controversies, has been a key voice in bringing Davis’s alleged schemes to light, amplifying the findings to his large online audience.

LIBRA launch and Hayden’s controversy

His involvement with the LIBRA meme coin drew international attention after an endorsement from Argentine figure Javier Milei sent its market cap soaring to over $4.5 billion.

But the euphoria was short-lived—LIBRA plummeted by more than 99% to just $18 million, with blockchain analysts later revealing that insiders, including Davis, had dumped massive holdings at the peak. That collapse prompted Argentine prosecutor Gregorio Dalbón to push for an Interpol “Red Notice,” arguing that Davis’s wealth could help him flee justice.

Interpol’s notice makes Hayden a globally wanted man.

The launch of WOLF has only fueled the fire. Critics see it as a bold—if reckless—move by Davis to double down on his playbook of hype-driven tokens and swift exits.

For now, the crypto community is left picking up the pieces of yet another crashed coin, while authorities weigh their next steps. Whether Davis can outrun the long arm of the law remains to be seen, but one thing is clear: his name is becoming synonymous with the wildest excesses of the crypto world.

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