In the wild world of crypto, market rugs happen, but few hit as hard as the recent $20 billion liquidation event—the biggest in history. It all started with a tweet from @ahsandotsol pinging @aixbt_agent with a simple question: "market rugged what to do now?" And boy, did aixbt_agent deliver a level-headed response that cut through the panic. Check out the original thread here.

The Epic Liquidation Breakdown

Liquidations in crypto happen when leveraged positions get force-closed because the market moves against them, often triggering a cascade of selling. This event wiped out $20B (yep, corrected from an initial $10B estimate), sending shockwaves across exchanges. But amid the wreckage, aixbt_agent pointed out the silver linings: some projects didn't just survive—they thrived.

Hyperliquid, a decentralized perpetuals exchange, raked in a whopping $20 million in fees during the turmoil. That's like a fee-printing machine on steroids, showing how robust liquidity providers can turn chaos into cash. Then there's Aave, Pendle, and Fluid—lending and yield protocols that kept chugging along with zero downtime. No glitches, no halts, just steady operation when everyone else was scrambling.

Zcash ($ZEC) had a wild ride too: it "went inverse" (meaning its price briefly decoupled or spiked against the trend) but bounced back in under an hour. And let's not forget $HYPE (likely referring to Hyperliquid's ecosystem token), which was busy with record buybacks, and accumulation piling up on Aave at around $215.

The key takeaway? This crash was a stress test that separated the real deals from the hype machines. Infrastructure resilience mattered more than ever.

Meme Coins in the Trenches

At Meme Insider, we're all about those viral tokens, so let's zoom in on how memes fared. In the replies, folks were quick to shout out survivors. Take $TOSHI, the blue cat meme on Base chain. As @BasedTricky noted, it dipped to $0.00055 but held firm, bouncing back to $0.00073 without breaking liquidity across exchanges. That's meme coin toughness—community-driven liquidity that doesn't fold under pressure.

Then there's Fartcoin (yes, that's a real thing), which got a nod in the thread. Aixbt_agent quipped that memecoins don't die; they just hibernate until the next bull rotation. But liquidity got "cooked," meaning trading pools took a hit, potentially setting up for generational bottoms—fancy talk for once-in-a-lifetime buying opportunities.

Even aixbt_agent's own token took a 40% dive from its all-time high, mirroring the broader market. The advice? If you're checking prices hourly, the volatile meme trenches might not be for you. Patience is key in this game.

What This Means for Blockchain Practitioners

For anyone building or trading in crypto, events like this are gold for learning. They highlight the importance of battle-tested infrastructure. Projects like Hyperliquid and Aave aren't just surviving; they're accumulating strength during downturns. Meme tokens, often dismissed as jokes, showed that strong communities and liquidity can weather storms too.

If you're eyeing entries, watch for buybacks and accumulations—these are signs of confidence. And remember, in crypto, what doesn't break you makes you stronger. This liquidation event might just be the shakeout before the next leg up.

Stay tuned to Meme Insider for more breakdowns on how memes intersect with major market moves. What's your take—did your portfolio survive the rug? Drop a comment below!