Dogecoin Decimated: $5 Million Liquidation Sparks 14% Price Plunge

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Dogecoin Decimated: $5 Million Liquidation Sparks 14% Price Plunge - NewsBTC

Quick Summary:

LIQUIDATION DATA IN 24 HOURS TOTAL LIQUIDATIONS: UP TO $321.28M TOP 5 COINS WITH HIGHEST LIQUIDATION:$BTC ~ $91.51M $ETH ~ $71.90M$SOL ~ $12.84M $DOGE ~ $5.39M $WLD ~ $5.23M #Blockchain #DeFi #liquidation pic.twitter.com/e6Dv5uQbkn — PHOENIX – Crypto News & Analytics (@pnxgrp) July 4, 2024 Interestingly, DOGE takes the fourth spot for most significant liquidations, surpassing bigger players like Solana (SOL).

Related Reading: Worldcoin Sentiment Improves, But March Highs Remain A Distant Dream Long Positions Liquidated According to Coinglass, a crypto derivatives data platform, DOGE saw a whopping $4.8 million in long positions liquidated.

Gox, a defunct crypto exchange, and the German government selling confiscated Bitcoin, could indirectly affect DOGE’s price.Will DOGE Rebound?