Nearly $90 million was liquidated last week, with about $52 million coming from short traders, as Dogecoin’s DOGE price rose in recent days.
DOGE has increased its value by more than 90% in the past week since last Friday, as Elon Musk’s acquisition of Twitter was confirmed.
But it also surpassed bitcoin and ethereum as the most liquidated cryptocurrencies, with about $647 billion in open interest in Dogecoin futures as of Oct. 31.