Dogecoin Traders Lose Over $60 Million In 24 Hours Amid Largest Liquidation Event In 2025 So Far

Quick Summary:

This development came as the DOGE price crashed violently after climbing to as high as $0.43 on Sunday.  Dogecoin Traders Lose Over $60 Million In 24 Hours Coinglass data shows that Dogecoin traders have lost over $65 million in the last 24 hours.

This price drop across the board occurred mainly due to the US First Lady Melania Trump’s launch of her meme coin, MELANIA,’ which drained liquidity from other coins in the market.  Dogecoin traders were also bound to take a significant hit considering DOGE’s strong price correlation with BTC.

Related Reading: Crypto Analyst Predicts When Dogecoin Price Will Hit $3 This Cycle As such, he urged Dogecoin investors and traders to be grateful for how far DOGE has come since November 5th, 2024, when Trump won the elections.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Kamala Harris Melania Dogeusd D.O.G.E. Dogecoin price Department of Government Efficiency Doge Elon musk Doge price Dogecoin Dogeusdt Donald Trump Trump DOGE news CoinMarketCap Dogecoin news Coinglass

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-21 @ 01:00:23 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 468 words

Reading Time: 3 minutes read

Sentences: 68 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 25302728

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