X - Dogecoin's Weekend Rally Hits A Pause — Traders Betting On DOGE Longs Face Liquidation Worth $2.5M In A Single Day Price Drops 4% | Benzinga
Dogecoin (CRYPTO: DOGE) surged over 10% on Saturday, catapulting its price from $0.078 to $0.090 but the rally seems to cool down now.
What Happened: The rise is attributed to the buzz around the new “X payments” system.
At the time of writing, DOGE was down 4%, trading at $0.083.
The change in DOGE's value comes as $2.65 million worth of Dogecoin long positions were liquidated in the last 24 hours, contributing to the total of $3.19 million in liquidations for the crypto, as per Coinglass data.
On-chain activity has shown a climb in the market cap of Dogecoin to approximately $11.8 ...