Meme Insider
In the fast-paced world of crypto, keeping an eye on liquidation levels can make or break your trades—especially for leveraged positions in perpetual contracts. On September 19, 2025, crypto commentator MartyParty shared a snapshot of liquidation levels for four buzzing infrastructure projects built on what he
- DEEP is DeepBook Protocol, a decentralized CLOB on Sui for trading, with tokens for fees.
calls "Gen 3 L1s," or third-generation Layer 1 blockchains. These are advanced base-layer networks like Sui and Solana, designed for high scalability, interoperability, and decentralization beyond earlier gens like Bitcoin (Gen 1) and Ethereum (Gen 2).
The tweet highlights $IKA, $WAL, $DEEP, and $ZEUS, showing their recent price charts from perpetual swap contracts—think endless futures trading without expiration dates. If you're new to this, liquidation happens when a leveraged trade goes against you, and your collateral isn't enough to cover losses, forcing the exchange to close your position. MartyParty's post seems to flag potential downside risks in a choppy market. Let's break it down, token by token, with some context on why these projects matter in the meme token and DeFi scene.
What Are These Tokens and Why the Hype?
First off, while these tokens have serious utility in blockchain infrastructure, they've gained meme-like traction due to community hype and volatile trading. Built on high-performance chains, they're part of the push for better cross-chain ops, storage, and trading. Here's a quick rundown:
$IKA (Ika Network): Running on Sui, Ika is all about multi-party computation (MPC)—a fancy way of saying it enables secure, trustless coordination across blockchains. Think faster cross-chain transactions without middlemen. The token powers fees, staking for security, and governance votes. It's pitched as the "fastest parallel MPC network," hitting thousands of transactions per second.
$WAL (Walrus Protocol): Also on Sui, Walrus focuses on decentralized storage for big files and apps. It's like a blockchain-powered cloud storage where developers can build without centralized servers. $WAL is used for paying storage fees, rewarding node operators, and staking. With recent airdrops and integrations, it's become a hot spot for meme traders chasing utility plays.
$DEEP (DeepBook Protocol): This one's a decentralized order book on Sui, mimicking centralized exchanges but with blockchain transparency. It handles high-speed trades with low fees, making it ideal for DeFi liquidity. The $DEEP token covers trading and pool creation fees, and it's seen massive pumps since launch due to its role in Sui's growing ecosystem.
$ZEUS (Zeus Network): Shifting to Solana, Zeus bridges Bitcoin and Solana for seamless liquidity flows. It's a permissionless layer that lets BTC act as collateral or fuel in Solana's fast environment. $ZEUS handles ecosystem access, governance, and rewards. With ties to Bitcoin's security and Solana's speed, it's a favorite for cross-chain degens.
These aren't your typical dog or cat memes; they're infra tokens with real-world apps, but their price action often mirrors meme volatility—perfect for the Meme Insider crowd looking to level up their knowledge base.
Breaking Down the Charts: Signs of a Dip?
Looking at the charts MartyParty posted (from platforms like Bybit and OKX perpetuals), all four tokens show downward pressure over the 30-minute timeframe. Prices are trending lower with increased selling volume (those red bars at the bottom), hinting at potential liquidations if support levels break.
$IKA: Hovering around $0.038, it's dipped from recent highs, with a key low at $0.0364. If it breaches that, more long positions could get wiped out, especially with the bearish candlestick pattern.
$WAL: At $0.455, down from $0.48, showing a steady decline. Volume spikes suggest sellers are in control, and a drop below $0.42 might trigger cascading liquidations.
$DEEP: Trading near $0.14, it's volatile with a sharp pullback to $0.1319. This one's been pumping hard lately, so watch for over-leveraged longs getting rekt if sentiment sours.
$ZEUS: Around $0.145, slipping to $0.132, mirroring broader market vibes. As a Bitcoin-Solana bridge, it could be sensitive to BTC moves—keep an eye on macro trends.
Overall, the visuals scream caution: declining prices with thinning buy support (those layered lines are likely order book depth). In a bearish market, these levels could lead to forced sells, amplifying the drop. But flipside? If we see a reversal, it might signal a buying opportunity for dip hunters.
Market Context and Trader Tips
Why post this now? Crypto markets in September 2025 are jittery—Bitcoin's hovering, altcoins are correcting, and Gen 3 L1s like Sui and Solana are under the spotlight for their speed but also their hype-driven swings. Infrastructure projects often lead recoveries, as they're the backbone for DeFi and NFTs. However, with perpetuals, leverage amps up risks; a 10x long on $DEEP could liquidate fast in a 5% dip.
For blockchain practitioners: Use this as a reminder to check on-chain metrics. Tools like CoinGecko or DexScreener can show real-time liquidity and holder distribution. If you're trading these, set stop-losses below those liquidation zones and avoid over-leveraging. Communities on X (like @ikadotxyz for $IKA or @ZeusNetworkHQ for $ZEUS) are goldmines for alpha.
In the end, MartyParty's tweet is a wake-up call: In meme token land, even infra plays can rug your portfolio if you're not vigilant. Stay informed, trade smart, and maybe these Gen 3 gems will moon when the tide turns. What's your take—buying the dip or sitting out? Drop your thoughts in the comments!
