Dogecoin (DOGE) is down 11% on Friday, May 30, recording the biggest loss among the top ten largest cryptos by market cap. The steep decline in Dogecoin price coincides with heavy whale selling activity as these large addresses sell 60 million tokens in the last two days. The ongoing DOGE selloff follows a crash across the broader crypto market that has wiped out more than $700 million within 24 hours, according to Coinglass data. At press time, Dogecoin trades at $0.204, its lowest level since May 10. Dogecoin Price Crashes as Bulls Lose Control Dogecoin price is crashing amid intense selling that has led to bulls losing control. This selling pressure stems from $21 million in DOGE long liquidations at press time. The 50% spike in Dogecoin’s trading volumes per CoinMarketCap also signals high selling activity. Following the ongoing decline, Dogecoin has made a bearish breakout from the consolidation range… Read More at Coingape.com
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