Replies to post #52 on Crypto News Roundup

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Overnight, Binance Liquidated Doge. NB, Binancecoin (BNB), pre SNL was a mere $5B delta. And Dogecoin was furiously approaching the market cap of Binancecoin.

Dale Hurst
Sun, May 9, 2021, 8:38 AM·2 min read

Dogecoin (DOGE) is at the top of the Bybt.com liquidations list from the last 12 hours, with over $280 million liquidated across exchanges.

In a rare turn of events, DOGE was the subject of, at time of reporting, $282 million worth of liquidations. More than Bitcoin (BTC), Ether (ETH) or Ripple (XRP). According to data, that includes the largest single liquidation order, which occurred on Binance. The DOGE involved in this order was valued at $12.07 million.

This amount accounts for nearly 40% of the $707 million cryptocurrencies liquidated in the same 12-hour period. BTC followed DOGE with just under $120 million liquidated. Then ETH was the subject of the third-most orders, amounting to another near $95 million worth.

According to data recorded on cryptocurrency futures trading and information platform Bybt.com, around 35% of these liquidations were made on the Huobi exchange. A further 20% were made on Bybit and another near 19% on Binance.

https://www.yahoo.com/entertainment/doge-leads-liquidations-280-million-133800751.html

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Doge remains No. 4 in Market Cap

https://coinmarketcap.com/

All this being said, the same data indicates that the meme-inspired altcoin remains in the top five most valuable cryptocurrencies by market cap.