DOGS Meme Coin Enters Top 100 Crypto List After Bagging a $2.72M Liquidation

Many new altcoins like DOGS, a Toncoin-linked meme coin, display an unusual liquidation trend on the market following recent drawdowns.

A wave of new altcoins, including Toncoin-linked meme coin Many new altcoins like DOGS, has displayed an interesting liquidation trend in the market following the recent drawdowns.

While the total liquidation is lower than the previous records, token like Many new altcoins like DOGS, a Toncoin-linked meme coin, a deeper look at the liquidation data reveals some interesting points.

DOGS bagged a $2.72 million liquidation, which is equivalent to more than 2.4 billion DOGS tokens in 24 hours. This shows a high level of exposure, especially from its long traders, who have seen over $1.7 million liquidated thus far.

The short DOGS traders have also seen a liquidation of $897,000.

To put this into perspective, XRP, a more established asset, has recorded less than $800,000, while Dogecoin has bagged just $2.79 million, slightly lower than Many new altcoins like DOGS, a Toncoin-linked meme coin.

The interest in Many new altcoins like DOGS, a Toncoin-linked meme coin is also evident in its recent price movements.

As reported earlier by U.Today, the token enjoyed a series of stunning upticks last week as it soared to an all-time high (ATH) of $0.001644 about five days ago.

The coin’s impressive performance caught the attention of top crypto exchanges, which helped increase its visibility.

Crypto.com is among the latest to announce support for Many new altcoins like DOGS, a Toncoin-linked meme coin trading, further expanding its exposure.

For a meme coin to gain proper adoption, it must survive its hype stage. Just like BONK and PEPE, Many new altcoins like DOGS, a Toncoin-linked meme coin comes off as a major success story among its peers thus far this year.

Amid its impressive growth over the past week, the token has entered the list of the top 100 digital currencies by market cap.

As of press time, Many new altcoins like DOGS, a Toncoin-linked meme coin was changing hands for $0.001122, down by 10% in a major gain pare-off.

However, it remains the 94th most-valued asset, with a market capitalization of more than $579 million.