Dogecoin Bulls See $60M Liquidations in Biggest Hit Since 2021

“The meme coin market has experienced a general pullback this month as bitcoin prices face pressure,” said Lucy Hu, a senior analyst at Metalpha. “The expectation of one rate cut by the Fed has prompted investors to divert from risky assets to less risky ones, and DOGE may suffer as one of the largest meme coins on the market.”