After Thanksgiving, the price of meme-themed tokens like Dogecoin (DOGE) and others are increasing, while Bitcoin (BTC) is testing a return to $99,000. Dogecoin is currently priced at $0.42, rising by 7% in the day, and is known for its volatility. Since November 25, DOGE has been rising and is up by 149% in price over the last 30 days.
Other meme coins like Popcat (POPCAT), Bonk (BONK), Brett (BRETT), and Pepper (PEPPER) are also seeing price increases. Traders betting on the price of meme coins to go down have lost money, with almost $6 million in DOGE shorts and $3.3 million in Peanut the Squirrel (PNUT) shorts being liquidated.
Overall, $221 million worth of crypto futures positions have been liquidated, with Bitcoin leading at about $65 million. The majority of these liquidated Bitcoin positions were shorts, and the price of Bitcoin is also rising. It is currently trading above $98,400 and was close to reaching $100,000 on November 22.
Source
<p>The post Meme Coins Surge After Thanksgiving, Dogecoin Jumps to $0.42 first appeared on CoinBuzzFeed.</p>
