News

$33 Mln In Dogecoin Shorts Gets Liquidated Amid Price Recovery

Dogecoin price have jumped by over 25% in the last 24 hours. DOGE is trading at an average price of $0.1288, at the press time.
Published by
$33 Mln In Dogecoin Shorts Gets Liquidated Amid Price Recovery

Dogecoin (DOGE), the world’s largest meme cryptocurrency prices skyrocketed by over 110% breaking the strong resistance at $0.135. This huge price push was supported by the $44 billion Elon Musk Twitter deal. However, market data suggests that traders have liquated a huge amount of money from Dogecoin over the past day.

Advertisement

What are traders expecting from Dogecoin?

As per Coinglass, over $261 million has been liquidated from the global crypto market by 110.99k traders in the last 24 hours. However, the largest amount of liquidation has been recorded from Dogecoin.

Data depicts that more than $61 million has been liquidated from Dogecoin in the last 24 hours. However, over 54% ($33.11 million) of total liquidation has been short calls. This means that most of the traders expected DOGE price to fall. While Okex and Binance have reported $7 million worth of Dogecoin short calls liquidation each.

Whale Alert reported that more than $18 million worth of Dogecoins were transferred from multiple whale wallets to different crypto exchanges in the last 24 hours. However, the largest transaction record by the tracker has been of moving almost 100 million DOGE to Binance.

Advertisement

DOGE 24 hr trading vol shoots up

Dogecoin price have jumped by over 25% in the last 24 hours. DOGE is trading at an average price of $0.1288, at the press time. The sudden price surge was also fueled by Twitter’s recent declaration of another advancement in the NFT market.

However, DOGE’s 24 hour trading volume skyrocketed by a whopping 207% to stand at $14.5 billion. The recent surge helped Dogecoin to barge into the top 10 cryptos. The largest meme crypto jumped over the Cardano (ADA) in the latest price movement. DOGE is holding a market cap of over $17 billion.

Dogecoin price jump has certainly helped the other meme coins to spark a rally. Coingape reported that Shiba Inu might follow DOGE over the next week. However, SHIB prices are up by 27% in the last 7 days.

Advertisement

Share
Ashish Kumar

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at ashish@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Ripple Explores New XRP Use Cases as Brad Garlinghouse Reaffirms Token’s ‘Central’ Role

Crypto firm Ripple has revealed that it is exploring new ways to use XRP within…

October 25, 2025
  • News

Kyrgyzstan Adds Binance Coin (BNB) to National Crypto Reserve, CZ Confirms

Kyrgyzstan has made a significant move in the adoption of digital finance. It has now…

October 25, 2025
  • News

Ripple-Backed Evernorth Grows XRP Treasury to $1B Ahead of Nasdaq Listing

Ripple-backed Evernorth's XRP treasury has grown to $1 billion just days after the company announced…

October 25, 2025
  • News

Trump Tariff Tensions Ease as U.S. and China Hold Positive Trade Talks Ahead of Oct 30 Summit

In fresh developments, the United States and China’s trade teams have commenced negotiations on the…

October 25, 2025
  • News

Polymarket Hits $20B in Trading Volume, Announces Plans for Massive POLY Token Airdrop

Polymarket has surpassed $20 billion in total trading volume and has confirmed plans to launch…

October 25, 2025
  • News

James Wynn Takes XRP Long Bet After Ripple Prime Announcement

Ripple's native cryptocurrency XRP is currently defying the crypto market downturn, gaining 5% today, and…

October 25, 2025