In the fast-paced world of crypto trading, keeping an eye on liquidation levels can make all the difference between riding a wave or getting wiped out. Recently, crypto commentator and analyst MartyParty (@martypartymusic) dropped a timely update on X about liquidation levels for several infrastructure projects. His tweet, posted on August 20, 2025, at around 12:30 pm, highlights charts for $IKA, $WAL, $DEEP, and $ZEUS—tokens powering some of the most exciting blockchains where meme coins thrive.

If you're new to the term, liquidation levels in crypto refer to specific price points where leveraged positions in perpetual futures contracts get automatically closed. This happens when the market moves against a trader's bet, and their collateral isn't enough to cover the losses. These levels often cluster around key support or resistance zones, and when prices hit them, it can trigger a cascade of sells or buys, amplifying volatility. For meme token enthusiasts, understanding these in underlying infrastructure projects is crucial because they support the ecosystems like Sui and Solana, where many viral memes launch and trade.

MartyParty's post (view the original tweet here) includes a screenshot of perpetual futures charts from platforms like Bybit and OKX, showing real-time data with colorful heatmaps indicating order book density—essentially, where big buy or sell walls are stacked up. These walls can act as magnets for price action or barriers that, if broken, lead to those liquidation cascades.

Let's break down what the charts reveal for each token:

$IKA (Ika Network)

$IKA is the utility token for Ika, a high-speed multi-party computation (MPC) network built on Sui, boasting sub-second transactions and massive scalability. At the time of the snapshot, $IKA was hovering around $0.033, with a notable liquidation cluster just below at $0.0328. The chart shows thinning volume and a potential downside wick, suggesting bears might be testing lower supports. For meme traders on Sui, Ika's tech underpins secure cross-chain ops, so dips here could signal broader ecosystem jitters.

$WAL (Walrus Protocol)

Powering decentralized storage on Sui, Walrus uses $WAL as its payment token for data hosting, keeping costs stable in fiat terms. The chart pegs $WAL at about $0.46, with dense sell walls above $0.47 and a sharp volume spike indicating recent volatility. If prices push higher, we could see short positions getting squeezed, potentially boosting confidence in Sui-based memes that rely on reliable storage for NFTs or apps.

$DEEP (DeepBook Protocol)

DeepBook is Sui's on-chain order book DEX, offering CEX-like trading with low latency, and $DEEP handles fees for trades and pool creation. Priced at $0.163 in the image, the chart displays a tight range with liquidation levels stacked around $0.16, hinting at consolidation before a breakout. Meme tokens often trade on DEXes like this, so monitoring $DEEP's stability can give early warnings on liquidity crunches in the meme space.

$ZEUS (Zeus Network)

Unlike the others on Sui, Zeus Network bridges Bitcoin to Solana for seamless interoperability, with $ZEUS enabling staking and governance. The snapshot shows it at $0.118, with a clear downside tail and buy walls building below $0.11. As a key player in BTCFi on Solana—home to countless meme coins—a liquidation event here could ripple through to hyped Solana memes, affecting everything from pump-and-dumps to community-driven tokens.

MartyParty's updates are gold for traders because they spotlight these hidden risks in real-time. While these are infrastructure tokens, their performance directly impacts the meme token ecosystem by influencing transaction speeds, costs, and overall chain health. If you're dabbling in memes on Sui or Solana, factor in these levels to avoid getting caught in a liquidation storm.

Stay tuned to Meme Insider for more breakdowns on how infra trends shape the meme world. What's your take on these levels—bullish or bearish? Drop your thoughts in the comments!