Dogecoin Price Surges 7.0% in 24 Hours, Total Market Cap Hits $11.652 Billion
Dogecoin has defied expectations and continued to thrive as one of the most traded cryptocurrencies, despite starting life in 2013 as a joke. The current price is around $0.07494, with a total market cap of $11.652B, making it the 11th largest cryptocurrency. Over the past 24 hours, the price has risen sharply by 7.0%, with the 24-hour range sitting between $0.06984 and $0.07626.
The move higher wasn't without its challenges for traders on the wrong side of it, as over $6.95M in positions got wiped out, with shorts absorbing the bulk of this at $5.49M against just $1.46M in long liquidations. However, zooming into shorter windows shows that some fast money chasing this pump did get stopped out quickly.
Exchange volume data continues to point towards Binance dominating $DOGE futures activity with $687.22M in volume, well ahead of OKX at $423.56M and Bybit at $220.58M.