Dogwifhat Shorts Liquidations Explode as Prices Spike: What Triggered the Sudden Surge?

Meme Coin Market Surges: Shiba Inu Token Prices Skyrocket, Dogwifhat Shorts Face Massive Liquidations

In the cryptocurrency realm, meme coin activity is on the rise, notably with Dogwifhat experiencing a significant surge in short liquidations.

Dogwifhat, a meme coin operating on the Solana (SOL) blockchain, has seen a substantial price increase. The token, featuring a Shiba Inu donning a pink knitted cap, surged to $3.97, marking a 29.74% increase in the last 24 hours, per CoinGlass.

The surge in Dogwifhat's value contrasts sharply with Dogecoin, the leading memecoin, which witnessed $1.72 million worth of long positions liquidated in the past 4 hours.

Dogwifhat's Price Skyrockets Over 5000%, Becoming a Hot Meme Coin in the Top 50 of Crypto Market Value

Despite the recent frenzy, Dogwifhat has maintained its position, witnessing a remarkable ascent from an all-time low of under $0.07 to a high of $3.53 on March 14. This represents a staggering gain of over 5,000% in just two months, placing the token among the top 50 by market cap.

Dogwifhat's recent price surge aligns with the broader trend of meme coins in the cryptocurrency market. As investors seek top picks for the year, Dogwifhat emerges as a strong contender, boasting impressive performance.

Dogecoin has also garnered attention with a significant value surge preceding its upcoming launch on Apr. 20, suggesting potential bullish momentum and highlighting the growing interest in meme coins.