Dogwifhat Shorts Liquidations Soar Amid Price Surge, Diverge From Dogecoin's Trajectory
Portfolio Pulse from Benzinga Neuro
Dogwifhat (CRYPTO: WIF), a meme coin on the Solana blockchain, has seen a significant price surge to $3.97, a 29.74% increase, leading to over $319.48K in short liquidations. This contrasts with Dogecoin (CRYPTO: DOGE), which saw $1.72 million in long positions liquidated. Dogwifhat's value has skyrocketed over 5,000% in two months, entering the top 50 tokens by market cap. The meme coin market continues to show strength, with Dogecoin also experiencing a surge ahead of its launch on Apr. 20.
March 29, 2024 | 4:49 am
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POSITIVE IMPACT
Dogecoin (DOGE) saw $1.72 million in long positions liquidated but remains in the spotlight with a significant surge ahead of its launch on Apr. 20, indicating potential bullish momentum.
The liquidation of long positions contrasts with the overall bullish sentiment and upcoming launch, suggesting that DOGE may still see positive momentum in the short term.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Dogwifhat (WIF) experienced a significant price increase and a surge in short liquidations, indicating strong market interest and potential for further gains.
The substantial price increase and short liquidations suggest a bullish sentiment among investors, potentially leading to further short-term gains as interest in meme coins continues.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100