DOGE pumped 25% and then dumped 13% in just hours on Monday when Twitter erratically changed their logo, causing almost $20 million in both long and short liquidations on Dogecoin alone. Market-wide liquidations of $170M

Dogecoin pumped 25% in a few hours and so far then gave back much of these gains on Monday when Twitter changed their logo to the Dogecoin logo. The rest of the market has remained largely unchanged during the pump but fell as Dogecoin began to fall as well. It is ridiculous, very questionable and outright dangerous the influence that Elon Musk has.

On Dogecoin alone, the market saw liquidations of almost 10 Million on both longs and shorts, as shorts were liquidated on the way up and longs on the way down. A truly brutal day for dogecoin leverage players. Meanwhile most of the rest of the market, interestingly, just stood by and watched it all unfold changing little in their gains during the pump but started seeing some red as Dogecoin began to fall in price, though not nearly to the same degree as Dogecoin.

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https://preview.redd.it/05tyg9p235sa1.png?246&format=png&auto=webp&s=001ca7080a5b397e7de4bc261ab3a836aeec9c5e

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https://preview.redd.it/ot86qqq335sa1.png?139&format=png&auto=webp&s=77bf91770d9f296ded39332d83f1b433982679c5

Dogecoin has managed to hold onto most of its gains till today after recovering somewhat. And the Twitter logo still remains the Dogecoin logo. When does it end?

Data sourced per Coinglass