According to the market data, Dogecoin has recorded over $31.7 million in liquidation over the past 24 hours. This figure comes after the meme coin shed gains after overheated growth in the past week. As of writing, $DOGE coin's price changed hands for $0.432, up by 1.18% in 24 hours.
In the Dogecoin liquidation, long traders suffered more as expectations of sustained growth were dashed. The meme coin’s long traders have lost a total of $21.7 million compared to the short trader liquidation value of $10 million.$XRP soared to a three-year high on Gary Gensler’s resignation update. Although it has cooled off from local highs, it has retained 1.08% growth in 24 hours to $1.493.Based on this mild shift, XRP has suffered a liquidation of $30.37 million. This figure underscores the sharp overleverage from long traders, with a $21.89 million loss overnight. The coin’s liquidation reflects its massive appeal over rivals like Solana (SOL) and Cardano (ADA).
