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Dogecoin futures rack up nearly $90M in liquidations over weekend in unusual move

2022/11/01 14:11

According to CoinDesk, Dogecoin trading over the weekend saw the shiba inu-themed meme coin reach a market capitalization of over $10 billion, add over 90% in value over the past week and become one of the largest liquidators among futures that track crypto majors.
Dogecoin futures racked up over $89 million in liquidations since Friday amid volatile trading as Elon Musk's purchase of Twitter was confirmed. Some $52 million of those figures originated from short traders, or bets against a token’s price rise.
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