BTC surged at the beginning of the year and then fell back to 92,000, Meme coins collectively plummeted, and 114514 dropped 90% in one day

【Crypto Rhythm】Entering the second week of January, Bitcoin experienced a significant correction after its strong rally at the beginning of the new year. As of January 7th, BTC is quoted at $92,488, having retreated from its previous high. This correction also affected the entire Meme coin ecosystem, with once-prominent projects plunging sharply.

The most tragic among them is the topic coin "114514." It experienced a rollercoaster ride within just one week—initially reaching a peak market cap of $57 million, only to be followed by a ruthless sell-off. In just one day, this coin dropped over 90%, with its market cap shrinking to $3.91 million. From glory to plunge, the speed is astonishing.

Not only this extreme case, but other well-known Meme coins also did not escape the correction:

PEPE declined 10%, now priced at $0.00000653; NEIRO fell 9.34% to $0.000143; FLOKI dropped 9.64% to $0.0000559; PENGU was relatively resilient, only falling 7.36% to $0.0128; BONK took the hardest hit, down 13.51% to $0.0000116; PNUT decreased 14.66% to $0.09; BOME retreated 11.84% to $0.000774.

This correction reflects a typical market characteristic: after a frenzy of rising prices, risk assets are the first to be affected. Meme coins, as high-risk and highly volatile assets, experienced the most selling pressure during BTC's adjustment. For investors chasing the highs, this serves as a profound lesson.