Musk added Dogecoin logo to Twitter bio, sparking speculation on its role in renamed company.
Buy positions worth $30M (IDR 450.6B at exchange rate IDR 15,022/USD) liquidated 96% leveraged futures within an hour, contributing to sudden drop.
Dogecoin rose despite market downturn as BTC fell below $29,100 (IDR 437.1M). TRX Tron & MATIC Polygon down 3.4%, SOL Solana dropped nearly 5%.
Analysts: Lack of bullish news & slow summer may weigh on BTC, some target $27,000 (IDR 405.5M) level.
