**Crypto Market Reels as Powell's Fed Warning Sparks $200M Liquidation Wave**
Altcoins took a sharp hit following Fed Chair Jerome Powell's hawkish remarks, with SOL, AVAX, and HYPE dropping 4%-5% before recovering slightly. Memecoins BONK and PENGU saw steeper declines, plummeting 10% before rebounding, as traders scrambled to cover positions amid heightened volatility.
SOL
124.42
-1.25%
HYPEUSDT
Prep
24.43
-2.04%
BONK
0.0₅8
-1.96%