Dogecoin Flips XRP in Daily Liquidations, Here Are Figures

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News The recovery in the digital currency ecosystem took a minor twist as most buyers cooled off, which has triggered mild liquidations for altcoins like Dogecoin (DOGE) and XRP. At the time of writing, CoinGlass data shows that Dogecoin currently has a bigger liquidation figure than XRP, a sign of over-leverage for the meme coin. Advertisement Dogecoin and XRP liquidation outlook The CoinGlass data shows that DOGE has a total liquidation of $7.67 million, with XRP’s liquidation at $5.22 million. Historically, Dogecoin liquidations are not uncommon, as the meme coin’s volatility generally offsets long and short traders. Related Mon, 03/24/2025 - 15:34 Dogecoin Open Interest Tops 9.78 Billion DOGE as Price Eyes Reset Godfrey Benjamin However, with these latest figures, short traders suffered the most upset, with $4.76 million of total liquidations. The long traders then accounted for only $2.90 million over 24 hours. In contrast to the Dogecoin outlook, XRP’s long traders suffered more, with $3.76 million recorded in liquidations within the same period. Short traders accounted for $1.46 million of the total recorded liquidations. Crucial ecosystem updates this month have set DOGE and XRP apart for traders to bet big on them. As reported earlier this week, the House of Doge stacked 10 million Dogecoin to create a strategic reserve around the coin. XRP still has bigger fundamentals Meanwhile, the XRP ecosystem has more fundamental updates to help revive prices in the long term. According to recent reports, the U.S. Securities and Exchange Commission (SEC) has officially closed its case against Ripple Labs Inc., so XRP is no longer classified as a security. Related Mon, 03/24/2025 - 14:30 XRP Fund Inflows Rocket 327% in Hidden Rally: Details Gamza Khanzadaev This will allow the coin to enter institutional investors' portfolios through direct purchases or XRP ETF offerings. It will also directly influence its price from its current level. As of press time, XRP was changing hands for $2.433, down by 0.92%, while Dogecoin has recorded a more bullish push, jumping 4.95% to $0.1847. #XRP #Dogecoin