Meme Coins Surge as Short Sellers Get Squeezed, Losing $50 Million

• SHIB and WIF climb 60% as shorts lose $50M betting against meme coins • Volume of futures tracking meme coins continues to rise massively • Over $50M in liquidations in last 24 hours on shorts against dogecoin, shiba inu, etc. • Pepe token up 100% to set new highs, WIF token up 80% to pass $1 • Meme coins seen as proxy bets on growth of blockchains they are based on