Dogecoin's Twitter Logo Change Causes Millions in Futures Liquidations and Shorts Liquidated
TL;DR Summary
Futures tracking Dogecoin saw $26 million in liquidations in the past 24 hours, with both longs and shorts being impacted. Traders on OKX were the most affected, taking on $12 million in losses. The surge in liquidations came as Twitter changed its bird logo to a popular image that refers to a meme featuring a Shiba Inu dog, which was referred to by Twitter CEO Elon Musk in several tweets. Dogecoin has been frequently touted by Musk, who has suggested it may offer better payment functionality than Bitcoin.
- Dogecoin Futures Liquidations Jumps to $26M After Twitter Displays Token's Logo for Some Users CoinDesk
- Dogecoin jumps after Elon Musk replaces Twitter bird with Shiba Inu CNN
- Dogecoin Shorts Worth $13.28M Liquidated In 12 Hours Benzinga
- 'If Dogecoin is a Security, Bitcoin is a Security,' Says DOGE Creator The Crypto Basic
- Today in Twitter: where are the retweet labels, and why did Doge replace the bird? The Verge
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