The world's largest meme cryptocurrency Dogecoin (DOGE) continued to surprise over the weekend when it managed to mount more than 110% breaking the price resistance zone at $0.135.
The surge follows Elon Musk's $44 billion purchase of Twitter with market data seeing investors liquidate a number of DOGEs over the past day.
Meanwhile, contributing to DOGE's largest liquidation was when 100,990 investors liquidated more than $261 million from the global crypto market in the past 24 hours.
Meanwhile, investors are said to have made expectations that the price of DOGE will plunge following liquidation (liquidated) of $61 billion and $33.11 million is from short-term liquidated.
In fact, $18 million DOGE was successfully transferred from wallet whales to various crypto exchangers in the past 24 hours with the largest transaction record seeing $100 million transferred to Binance.
On record, the price of the memecoin climbed over 25% which is now hovering at the price level of 0.120 following Twitter's recent announcement that it will launch an NFT market on the social media platform.
Meanwhile, its trading volume jumped 207% at $14.5 billion making DOGE a top 10 crypto with a market capitalization of over $17 billion.
It is understood that the DOGE price hike has helped other memecoins make a price recovery, which is likely to lead to an expected increase in the price of Shiba Inu (SHIB) next week.
