Dogecoin Surges 528,408% as Liquidation Spike Highlights Short Sellers’ Losses

In a surprising turn of events, Dogecoin (DOGE) has experienced a significant spike in price after recording a massive 528,408% liquidation hit. This surge came about due to the meme coin rebounding slightly, causing short-position traders to suffer substantial losses estimated at $37,630 within just one hour. While long traders were only impacted with a minuscule loss of $7.12, the dramatic increase in liquidations has left investors questioning the future trajectory of the asset.