Dogecoin Drops 3.82% in One Hour Amid $8.21M Liquidations

Dogecoin (DOGE) experienced a sharp decline on Tuesday evening, dropping 3.82% within just one hour. At 10:08 p.m. ET (02:08 UTC Wednesday), the price of DOGE fell to $0.09021 from $0.09379, extending its 24-hour decline to 4.68%. This data was collected from Binance spot DOGE/USDT prices, and at the time of measurement, Dogecoin held the 12th position in market value, valued at approximately $14.57887 billion.

During the same one-hour period, long-position liquidations reached $8.21 million across Binance, Bybit, and OKX. In contrast, short-position liquidations amounted to $80,000. Despite these significant liquidations, no confirmed cause for the decline was identified in the available market data.