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"Dogecoin (DOGE) Gift Settlement Surge... Potential for Price Adjustment"

Bloomingbit Newsroom

Summary

The gift settlement of Dogecoin (DOGE) surged to 4.6 billion dollars, suggesting the possibility of a price adjustment.
From March 20 to 28, Dogecoin (DOGE)'s price soared by 82% but dropped by 40% due to forced liquidation.
Dogecoin (DOGE)'s price movement, which surged 224% until November 23, set a new record.

The scale of Dogecoin (DOGE) gift settlement surged to 4.6 billion dollars as of November 23 (local time), with some traders suggesting the possibility of DOGE receiving a price adjustment.

According to the cryptocurrency media outlet Cointelegraph on the 25th (local time), traders explained that "from March 20 to 28, DOGE's gift settlement reached 2.3 billion dollars, with DOGE's price soaring by 82%, but then a forced liquidation occurred due to excessive leverage, dropping by 40%."

Furthermore, they added, "From the 3rd to the 23rd of this month, DOGE's record 224% surge could lift the price movements of March to April," indicating that "there is a possibility of approaching the cycle peak."