A sharp pullback in crypto markets late Monday triggered over $500 million in long liquidations, erasing earlier gains as bitcoin (BTC) slipped from weekend highs and traders reacted to de-escalating U.S.-China trade tensions.
Coinglass data shows more than $530 million worth of long positions were liquidated in the past 24 hours — with nearly $200 million coming from bitcoin-tracked futures and $170 million from ether (ETH) products.
Liquidations occur when an exchange forcibly closes a trader’s leveraged position due to insufficient margin. It happens when a trader cannot meet the margin requirements for a leveraged position, that is, when they don't have sufficient funds to keep the trade open.
Majors bore the brunt of the drop, with dogecoin (DOGE) and cardano (ADA) each falling as much as 7%, and solana (SOL), xrp (XRP) and BNB Chain’s BNB losing between 5%–6%.
The liquidations marked a reversal from last week’s euphoric rally, which had seen ETH gain 40% and major altcoins push double-digit percentage gains in a wave of short squeezes. That move had triggered over $1 billion in short liquidations — the highest since 2021 — and sent bitcoin briefly past $104,000 before momentum faded.
Markets turned lower during U.S. trading hours Monday after reports of a temporary tariff truce between the U.S. and China, with the removal of several mutual levies and both pledging renewed trade cooperation.
While easing tensions supported equities, the development may have tempered the risk-on narrative that had fueled crypto’s breakout over the past week.
Futures open interest across major exchanges also fell by more than $1.2 billion, suggesting a sharp deleveraging as long traders were forced to exit positions, Coinglass data showed.
Analysts caution that while the near-term flush may reset frothy sentiment, with eyes on the next Fed meeting in June.
“Right now macro concerns are driving the market and the next Fed decision and outlook remarks in June will likely be the key factor in driving Bitcoin past its previous all-time high,” Jeff Mei, COO at crypto exchange BTSE, told CoinDesk in a Telegram message.
“This would stimulate lending and investment in the US economy and hopefully drive growth, avoiding the recession investors are apprehensive about,” Mei added.
22.3K
0
Aark Digital
📊 Market’s mixed. But every tick’s a trading chance.
BTC: $102,480.76 (-1.35%)
DOGE: $0.2220 (-8.07%)
XRP: $2.4676 (+2.71%)
ETH: $2,446.99 (-2.60%)
SOL: $169.12 (-3.75%)
28.68K
1
Niner 🍡九儿
Woke up to find the market had dropped. Last night, I put the short-term money in because the short-term part had been sold off for a long time. But after thinking it over, I can wait a bit longer. The short-term peak might have limited profits, but some coins might be stuck and never come back.
Spent half the day discussing which chain Trump's third project would be released on, only to have rumors debunked today saying there's no plan to release it. Many people started clearing their positions yesterday to prevent being drained. So, will it be released secretly later?
In the past few days on Bonk, a few have emerged. The founder of Let’s Bonk was blocked by the pump fun official Twitter, seems like they felt threatened.
When the market drops, continue to focus on those strong coins that are doing well, like $sui, $xrp, $pepe, $doge, etc. But pay attention to a key date, May 20th. The conservative can wait a bit longer. Why May 20th? Because it's time to cash out to buy gifts for your partner, does this explanation make sense?
Show original
56.14K
1
Alex Finn reposted
Alex Finn
🚨BREAKING: X will be releasing a debit card called the X card
You'll be able to take the money you have on X, and spend it anywhere
Picture this:
You put out a banger post. Your audience loves it. They tip your post directly in DOGE coin
You then go out an use your X debit card to pay rent
Your content is literally paying for your life
THIS is the creator economy
X is literally inventing it
'Content creator' will be an actual job now that crowns TONS of millionaires
You add that to ad revenue and subscriptions, and you have a true money printing business
Would you get an X Card?
h/t @aaronp613
82.88K
708
buddhaa.eth reposted
buddhaa.eth
In life, luck is better than wisdom.
Being smart and skilled doesn’t compare to exiting $LUNA at the peak last season or buying at the bottom and riding the wave up.
In 2021, I went back to my hometown and met my brother-in-law, who asked me to give him a few names to research.
I told him to study crypto but not to jump in immediately. By the Lunar New Year, he was bragging about buying several plots of land.
Turns out he invested in memes, made about x10 with $DOGE and a few other coins.
But he cashed out everything because he thought 800 million VND was enough for his projects.
I told him to open the chart and look back, and all those coins had either dropped back to entry or lost 2/3 of their value from entry.
The other day, someone told me that playing crypto doesn’t require much capital, but it does require luck.
Sometimes you exit at the peak not because of technical analysis or predicting market makers, but simply because a voice in your head urges you to cash out.
But not everyone is lucky, which is why we need to prepare a plan for bad luck.
Rahu is the planet representing gambling, betting... It brings massive profits quickly, and its counterpart is Ketu, the planet of letting go. This duo represents everything in a gamble: winning and losing, sudden wealth, and rapid losses.
In Vedic astrology, the Rahu-Ketu pair is always the strongest. When it intervenes in a person’s destiny, they will experience extraordinary luck or extreme misfortune. It’s as powerful as the way the market ignores all technical analysis when news breaks.
In the charts of many current crypto traders, I often see the influence of Rahu.
Especially in Justin Sun’s chart, Rahu has made him wealthy, but at the cost of some notoriety.
Rahu in your natal chart will determine how you win in this market, while Ketu will decide how you exit it.
The current price of Dogecoin is $0.22376. Over the last 24 hours, Dogecoin has decreased by -7.18%. It currently has a circulating supply of 149,194,276,384 DOGE and a maximum supply of 149,240,006,384 DOGE, giving it a fully diluted market cap of $33.41B. At present, the Dogecoin coin holds the 7 position in market cap rankings. The Dogecoin/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Dogecoin is a peer-to-peer cryptocurrency based on a Shiba Inu dog internet meme that went viral on social media. Dogecoin was originally created to poke fun at other cryptocurrency projects being launched at the time, but it quickly gained a devoted fan base that discovered and developed new use cases for the asset. DOGE is considered the first memecoin and the first dog coin.
Dogecoin claims to be significantly faster and less expensive than Bitcoin. For example, it can process approximately 33 transactions per second, compared to approximately five transactions per second on the Bitcoin network.
In 2014, members of the Dogecoin team started the Dogecoin Foundation, a non-profit to provide support, governance, advocacy, and trademark protection for the token.
While the native token, DOGE, was initially developed without any specific utility, its use as a digital currency has increased over the years. Reportedly, as of mid-2024, over 2,000 merchants across the world accepted DOGE as payment. To this day, Dogecoin has one of the most robust and vibrant online communities in the crypto space.
How does Dogecoin work?
Dogecoin uses a Proof of Work (PoW) consensus mechanism cloned from Litecoin's network. It uses the Scrypt mining algorithm to validate transactions.
Dogecoin, similar to Bitcoin and other cryptocurrencies and altcoins, can be created through mining. Mining Dogecoin is a way to both support the network and gain new DOGE tokens in the process. This computationally intensive process involves computers competing to solve complex mathematical problems to verify transactions and secure the blockchain network. When miners successfully solve these problems and contribute to the network's security, they're rewarded with DOGE.
Dogecoin's blockchain network allows users to send DOGE to other users anywhere in the world without needing a financial intermediary to process the transaction. Transactions made over the network are permanently recorded and can't be erased or reversed. Dogecoin's network can process up to 40 transactions per second, making it faster than Bitcoin's. It also has much lower transaction fees than Bitcoin.
DOGE price and tokenomics
Dogecoin had a maximum supply of 100 billion tokens on launch, which later changed to an infinite supply. As a result, Dogecoin is inflationary, meaning its supply of circa 145 billion as of mid-2024 will only grow over time. New DOGE tokens are created through mining.
DOGE's circulating supply equals its total supply, indicating that all tokens are in the hands of users, with the development team holding no DOGE. Each year, 5 billion new DOGE tokens are created, giving the cryptocurrency an inflation rate of around 4% — a low figure compared to other inflationary currencies.
Dogecoin prices experience significant volatility, fueled by the inherent volatility of memecoins and the asset's close association with vocal, high-profile individuals such as Elon Musk.
DOGE experienced tremendous popularity and was one of the most trending tokens during the 2021 bull run, cementing its position as one of the top digital assets of the year. The Dogecoin price reached an all-time high of $0.74000 on May 8, 2021.
About the founders
Dogecoin was created by Billy Markus, an IBM software engineer, and Jackson Palmer, senior director of product management at Adobe.
Shiba dog memes had been shared on the internet for a while, and the popular meme drew attention to the token. According to Palmer, the meme supported the accessibility of cryptocurrencies at a time when Bitcoin was viewed as a shady technology linked to the dark web. Dogecoin sparked public interest in learning more about cryptocurrencies. In 2015, Palmer left the cryptocurrency world and denounced the way people were making money from crypto.
The Dogecoin Foundation is a non-profit organization dedicated to promoting the use and development of the Dogecoin network. While the foundation was initially formed in 2014, it has since undergone several changes and periods of inactivity. In 2021, members of the Dogecoin community revived the foundation and began working on a range of initiatives to improve the network's functionality and expand its user base.
In 2021, the foundation began working on a staking mechanism in partnership with Vitalik Buterin, one of the founders of the world's second-largest cryptocurrency by market capitalization, Ethereum.
The foundation has not officially worked with billionaire celebrity Elon Musk, but Musk's tweets and public statements about Dogecoin have helped to boost the token's popularity and price. Some members of the Dogecoin community have expressed hope that Musk will become more directly involved with the foundation in the future.
Dogecoin Foundation
Set up in 2014, the Dogecoin Foundation became inactive for a period and was eventually dissolved. In 2021, the foundation was relaunched with a board consisting of members of the core team and seasoned industry players, including Ethereum co-founder Vitalk Buterin, as advisors.
The foundation works to develop new features and maintain the project to improve its utility. February 10, 2024 saw the foundation launch its 2024 roadmap which outlines developments to enhance Dogecoin's existing projects and introduce new initiatives that strengthen the project. One major inclusion in the roadmap was the official adoption of RadioDoge, which seeks to expand Dogecoin's reach into under-served areas with unreliable or no internet connectivity. RadioDoge combines long-range RF protocols and the Starlink satellite network — operated by Elon Musk's SpaceX — to provide more reliable connectivity.
Dogecoin and Elon Musk
Celebrity entrepreneur and billionaire Elon Musk has often publicly displayed his strong interest in and support for Dogecoin. Musk, known to be an avid fan of memes, has endorsed the project several times, often sparking massive user interest and optimism, along with wild speculation. He usually takes to X — the platform he now owns — to express his positive views and hopes for the memecoin.
The "Dogefather," as he is called, began showing his support for Dogecoin in late 2020 in a post on X (then Twitter) and has continued to share his thoughts about Dogecoin ever since. Due to Musk's status and popularity, the DOGE price can fluctuate wildly whenever he mentions the token, adding to its already high volatility.
Musk has not only expressed favorable views on the project but has even taken steps to promote it. For example, he heralded the acceptance of Dogecoin by Tesla, the world's largest automaker – a company he runs. Another of his companies, SpaceX, also announced that it would fund a rideshare mission to the moon entirely in Dogecoin, making the mission the first of its kind.
Meanwhile, Musk has crowdsourced ideas for the development of Dogecoin and even promised to work with Dogecoin's development team to improve the blockchain. His actions could also be said to have inspired other famous celebrities and influential people, such as Mark Cuban and Snoop Dogg, to support Dogecoin.
Musk's actions, however, have not been welcomed by all. He has often been accused of manipulating Dogecoin with his comments, a claim echoed by Dogecoin co-founder Jackson Palmer, who left the project in 2015.
What is Dogecoin's GigaWallet project
The Dogecoin team has often reiterated its commitment to making sure that Dogecoin has utility beyond just being a popular meme. As such, they've embarked on several projects to improve the usefulness of the memecoin. One such project is GigaWallet, which aims to build an enterprise-grade service that merchants can easily adopt to accept and process Dogecoin transactions.
What is the Dogecoin Standard
The Dogecoin Standard refers to the specifications and rules that define how the cryptocurrency operates, including its consensus algorithm, block time, mining reward, and other technical details. It's the foundation that allows the Dogecoin network to function as a decentralized and secure system for transferring value.
What Is Dogecoin's Libdogecoin
Libdogecoin is an open-source software library that provides developers with the tools and resources they need to build decentralized finance (DeFi) applications and services that interact with the Dogecoin network, without the need for them to have extensive knowledge of how Dogecoin works. It's essentially a collection of programming code and libraries that simplify the process of building new software that uses the Dogecoin Standard. With Libdogecoin, developers can easily write code that interacts with the Dogecoin network, creating new applications that allow users to send and receive Dogecoin, manage their wallets, and interact with other users on the network.
DOGE adoption by Tesla, SpaceX, and the Dallas Mavericks
The 2021 bull market brought a surge of interest to Dogecoin, and high-profile examples of the asset's adoption. In March 2021, billionaire Mark Cuban announced that the Dallas Mavericks NBA team would accept DOGE for ticket and product purchases. In just two days, the Mavericks processed a record-breaking 20,000+ transactions in DOGE.
Then, during January 2022, automaker Tesla began accepting DOGE payments for merchandise in its store, as announced a month earlier by CEO Elon Musk. The price of DOGE spiked 11 percent before the feature went live. Musk also announced in 2022 that Tesla's supercharging station in Santa Monica would accept DOGE. What's more, the entrepreneur declared that aerospace company SpaceX will begin accepting DOGE payments for their merchandise, and will fund a mission to the moon called DOGE-1 with DOGE. Several notable companies, like AMC, have followed suit in their acceptance of Dogecoin.
Latest Dogecoin news
March 2024 saw the DOGE price surge to its highest level since December 2021 following speculation the token would be integrated with X. Fueling the move was commentary around X's payment division being awarded new licences in the U.S., which led some to suggest this would open the door to crypto payments on the platform. In the same month, Dogecoin overtook blockchain platform Cardano to become the ninth biggest cryptocurrency by market cap.
In May 2024, Donald Trump announced that he'd begin accepting cryptocurrencies including Dogecoin as political donations, as the Republican presidential nominee signalled his support of digital assets. SHIB, XRP, and BTC were also among the tokens accepted by the Trump campaign towards his election bid. In July 2024, a Bloomberg article spotlighted how migrants in Venezuela have turned to cryptocurrencies including Dogecoin for remittance transfers, citing the low transactions fees involved.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 20K new posts about Dogecoin, driven by 7.3K contributors, and total online engagement reached 4.6M social interactions. The sentiment score for Dogecoin currently stands at 84%. Compared to all cryptocurrencies, post volume for Dogecoin currently ranks at 672. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Dogecoin.
Powered by LunarCrush
Posts
20,233
Contributors
7,297
Interactions
4,644,715
Sentiment
84%
Volume rank
#672
X
Posts
16,145
Interactions
4,011,717
Sentiment
85%
Dogecoin FAQ
What was Dogecoin's all-time high price?
DOGE recorded its all-time high on May 8, 2021, when it reached $0.74. The all-time high is the highest price ever recorded for Dogecoin since its launch. At the time, the market capitalization of Dogecoin reached $82.43 billion.
What is the total supply of DOGE?
Dogecoin has adopted an inflationary model, meaning that the DOGE supply is designed to increase over time. Therefore, there is no maximum hard cap on the supply of DOGE. Miners receive 10,000 DOGE tokens every minute, and 5 billion tokens are added to circulation annually. As of September 2022, over 132 billion DOGE tokens were in circulation.
Does Dogecoin have any uses?
Although DOGE was created with no vision for long-term growth or adoption, its community has focused on increasing its real-world usage over time. For example, DOGE can be used to purchase movie tickets, Tesla merchandise, or even tip Twitter users.
Will Dogecoin become environmentally friendly?
Like its peers that use the Proof of Work (PoW) mining algorithm, Dogecoin has been the subject of criticism for its substantial carbon footprint. The development team has since responded by announcing that the project will migrate its consensus model to the more environmentally-friendly Proof of Stake (PoS) consensus mechanism.
Where can I buy DOGE?
Easily buy DOGE tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include DOGE/USDT, DOGE/USDC.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into DOGE, visit the OKX Crypto Converter Calculator. OKX’s high-liquidity crypto exchange ensures the best prices for your crypto purchases.
How much is 1 Dogecoin worth today?
Currently, one Dogecoin is worth $0.22376. For answers and insight into Dogecoin's price action, you're in the right place. Explore the latest Dogecoin charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Dogecoin, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Dogecoin have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Socials