Against the background of a sharp rise in the price of cryptocurrency, traders who played to reduce it lost more than $ 50 million. The rise in prices of the coin began after one tweet
Dogecoin (DOGE) cryptocurrency set a new all-time high on January 28. The asset's price climbed to $ 0.028 on Binance and other exchanges, peaking at 260% daily growth. Then the token rate decreased and at 18:45 Moscow time is $ 0.020. A new record was also recorded by the coinmarketcap.com service – $ 0.026.
Against the background of the growth of the DOGE price, there was a massive liquidation of short positions of traders. Those of them who played to reduce the rate of the cryptocurrency lost more than $ 50 million in the last 24 hours, according to the bybt.com service.
After the rapid growth of DOGE, the popular US trading platform Robinhood suspended trading in the asset.
DOGE began to rise this morning after Twitter user WSB Chairman (380,000 subscribers) wrote about the coin. He asked subscribers if they were holding Bitcoin. The WSB Chairman then noted that Dogecoin was the most talked about subscribers, which was followed by an increase in its quotes.