Dogecoin, the beloved meme coin, is back in the spotlight with an impressive 10% surge in price over the past 24 hours! ๐ According to Santiment, this significant price movement can be attributed to dormant whales moving DOGE back into circulation. ๐ Notably, a whopping $5.5 million worth of Dogecoin shorts has been liquidated in the past day alone! ๐ธ๐
Here's where DOGE is currently trading: - $0.20708 on KuCoin exchange - $0.20726 on WhiteBIT exchange - $0.2071 on Coinbase exchange
And that's not all! According to IntotheBlock, a staggering 88% of Dogecoin holders are currently in the money at these prices! ๐ฐ Last week, Dogecoin whales made headlines by snapping up a jaw-dropping $280 million worth of DOGE in just two weeks, foreshadowing the impressive price surge we're witnessing now! ๐๐ผ
As reported by U.Today, Dogecoin's ability to surpass the crucial $0.20 level ahead of the monthly close was a significant milestone. With a monthly close above $0.22, some predictions suggest that the iconic Bitcoin parody might be gearing up for even more upside! ๐๐ However, as always, its future price performance will hinge on broader market conditions. ๐