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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.

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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.

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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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Pakistan unveils new ‘crypto council’ amid push for regulation

  • Pakistan wants to streamline crypto regulation and oversight.
  • The Pakistan Crypto Council (PCC) will help align the country’s crypto ecosystem with global trends.

Pakistan has established the Pakistan Crypto Council (PCC) to oversee the adoption and regulation of blockchain technology and digital assets.

According to details, the PCC will help advance crypto adoption within the country’s financial ecosystem.

Senator Muhammad Aurangzeb, Pakistan’s Finance Minister will chair the PCC, with the team including the Governor of the State Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and the Federal Law and IT Secretaries.

At a February meeting on digital assets, Aurangzeb emphasized the significance of Pakistan developing a well-regulated digital asset framework. According to the government, this is what will align the country with international best practices. This will also add to compliance with the Financial Action Task Force (FATF) guidelines.

This and the announcement on March 15 signals a dramatic reversal from the nation’s prior stance, which barred cryptocurrency due to concerns over money laundering and terror financing.

Amid this latest move, Pakistan looks focused on becoming one of the crypto innovation and adoption hubs.

Pakistan’s shift comes as the country ranks among the top nations for crypto adoption, boasting approximately 20 million active users and over $20 billion in transactions annually.

The nation’s $35 billion remittance market stands to gain significantly from this pivot.

It’s one of PCC’s agenda that the country moves towards crafting clear regulatory guidelines, collaborating with global blockchain entities, and prioritizing consumer protection and financial security through a strong legal framework.

Pakistan eyes clear crypto framework

Pakistan is taking the big move follows Saqib’s appointment, which the Ministry of Finance hailed as “a significant step forward.”

Together, these initiatives will help harness digital currencies’ potential while mitigating risks. The PCC mandate seeks to balance innovation with accountability, aligning Pakistan with international trends in digital finance and reinforcing its economic ambitions on the world stage.

Across the globe, the United States recently created a strategic bitcoin reserve, held an inaugural White House crypto summit and has new pro-crypto leadership at key government agencies.

Meanwhile, the European Union’s Markets in Crypto-Assets (MiCA) is in full effect and Russia is reportedly tapping into crypto for oil trade.

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AVAX, MNT, Bitcoin Pepe attract attention amid market dip

The cryptocurrency market is no stranger to volatility, and as prices dip, savvy investors and projects are seizing the moment to make bold moves. World Liberty Financial, a crypto project backed by Donald Trump’s family, is doubling down on crypto with fresh purchases.

Meanwhile, Bitcoin Pepe, a meme coin with ambitious plans, is drawing attention from across the ecosystem.

These developments come at a time when the broader crypto market is experiencing a downturn, presenting what some see as a golden opportunity.

World Liberty Financial adds to portfolio with Avalanche, Mantle

Although World Liberty Financial is significantly down on its investments in various cryptocurrencies, its doubling down on it. The project scooped Avalanche (AVAX) and Mantle (MNT) tokens for over $4 million. Specifically, WLFI acquired 103,911 AVAX tokens and 2.45 million MNT tokens for $2 million each.

These purchases add to WLFI’s already substantial portfolio, which totals around $340 million invested across 11 different cryptocurrencies.

As aggressive as World Liberty is, it is currently down more than $115 million, with the largest part of the portfolio that’s underwater being unrealized losses of $88 million on Ethereum (ETH).

However, WLFI’s decision to double down on AVAX and MNT suggests confidence in these tokens as potential hedges or long-term winners.

Bitcoin Pepe: Solana on Bitcoin

While WLFI’s purchases signal a calculated strategy, another project capturing attention is Bitcoin Pepe.

This meme coin blends meme culture and Bitcoin’s iconic status, with this enhanced by the speed of Solana. In short, Bitcoin Pepe is building Solana on Bitcoin. It’s unveiling introduced the first and only meme ICO on Bitcoin.

BPEP’s presale, under the PEP-20 standard, has investor interest piqued. That’s because Bitcoin Pepe eyes a layer 2 network on Bitcoin.

Interest in BTC among investors remains largely bullish despite the recent sell-off. This same outlook cascades to BPEP as traders position for the next big move.

What’s next for Bitcoin Pepe?

The roadmap hints at listings on major platforms, staking options, and potential NFT integrations—features designed to sustain hype and engagement.

Notably, meme coins thrive during market recoveries, which is why investors seeking an opportunity see the current dip as one that offers just that. It’s likely the outlook that’s driving World Liberty’s buying spree, including the latest tokens AVAX and MNT.

That means that projects like Bitcoin Pepe, still in presale, may offer great entry points. Buzzing across the market for what could be next for Bitcoin and Solana also has investors flocking to Bitcoin Pepe.

Historically, meme coins tap into the speculative fervor that often follows a market bottom, where risk-tolerant traders chase the next viral token. Bitcoin Pepe has so far raised over $5 million from early bird investors.

Currently, joining the presale in stage 7 offers a buying opportunity of $0.0281.

In the next stage, BPEP will rise to $0.0295 – continuing with this pace of price increments until it hits the final stage.

Want to learn more about Bitcoin Pepe? Visit the presale page.

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