**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

85.29

+1.41%

$HYPE

HYPEUSDT

Löpande

29.54

-2.20%

$BONK

BONK

0.0₅614

-4.06%