The price of Dogecoin briefly rose by 9% due to rumors of the mascot's death, currently trading at $0.079
According to CoinDesk, Twitter user TraderAguila posted a screenshot of a Japanese telegram conversation on X claiming that Kabuso, the mascot of Dogecoin (DOGE), had passed away. Subsequently, Dogecoin briefly rose 9% to $0.083. Not long after, this user deleted their X account and it was proven to be false rumors; DOGE's price has now fallen back to $0.079.
Data from CoinGlass shows that within one hour, over $674,000 worth of leveraged derivative trades were liquidated - more than all other cryptocurrencies combined including Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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