Dogecoin (DOGE) has experienced a significant decrease in price, resulting in a high number of long liquidations in the past day.
Despite a small rebound, DOGE remains nearly 10% lower within the last 24 hours, making it one of the worst-performing top tokens by market cap recently.
In the last 24 hours, Dogecoin has witnessed liquidations amounting to $22.5 million, primarily from long positions, highlighting the impact of negative price movements.
The overall cryptocurrency market has seen liquidations exceeding $610 million, with significant amounts coming from assets like Bitcoin and Ethereum in comparison to DOGE.