**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
85.23
+0.53%

$HYPE

HYPE
HYPEUSDT
29.9
-1.38%

$BONK

BONK
BONK
0.0₅623
-3.26%