The recent hawkish stance taken by the Federal Reserve has led to a massive $400 billion sell-off in the cryptocurrency market. This sell-off has also caused meme coins to mirror the price dip seen in Ethereum (ETH) and Solana (SOL). The market has been reacting strongly to the Fed’s statements, with investors rushing to offload their assets.
The sell-off has had a significant impact on the prices of various cryptocurrencies, with meme coins being particularly affected. These coins, which are known for their volatility and speculative nature, have seen a sharp decline in value as investors look to reduce their exposure to risk.
In addition to the sell-off in meme coins, both Ethereum and Solana have also experienced price dips. These two popular cryptocurrencies have been closely watched by investors, and the recent market turmoil has led to a drop in their prices.
Overall, the cryptocurrency market is facing a period of uncertainty as investors react to the Fed’s hawkish stance. It remains to be seen how the market will continue to evolve in the coming days and weeks, but for now, investors are bracing themselves for further volatility.