DOGE Token Sees $13M in Liquidations Amid High Volatility and Surging Market Activity
Dogecoin (DOGEUSDT) experienced high market activity in the past 24 hours, driven by increased futures open interest, significant trading volume, and bullish sentiment following positive news coverage and technical analysis suggesting a potential breakout. Despite strong upward momentum earlier in the week, the price declined by 2.26% over the last 24 hours, likely due to profit-taking after a rapid price surge and heightened volatility, as well as liquidations of both long and short positions totaling $13 million. As of the latest Binance data, DOGEUSDT is trading at $0.19508, with a 24-hour trading volume reflecting sustained interest, and the asset remains among the most actively traded pairs in the market.