**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

SOL
SOL
126.95
-1.32%

$HYPE

HYPE
HYPEUSDT
20.73
-4.47%

$BONK

BONK
BONK
0.0₅88
-2.54%