Dogecoin falls 9% amid red cryptocurrency markets

12.12.2022

The largest “meme coin” of the crypto industry by market capitalization, Dogecoin, fell more than 9% overnight.

After the latest drop, DOGE is now trading at around $0.088. Bears have controlled the token over the past week; Dogecoin has fallen nearly 16% in the past seven days, according to CoinGecko.

After Ethereum and Bitcoin, DOGE was the third most liquidated in the last 24 hours.

Coinglass reports DOGE liquidations totaling $6.34 million, most of which occurred on the cryptocurrency exchange Binance. About half of these liquidations ($3.79 million) were liquidated in the last 12 hours.