Meme Coins SHIB, Dogecoin Shed Double-Digits Over The Week
Dogecoin (DOGE) is down 5.2% over the past 24 hours and trades at $0.065, according to data from CoinMarketCap.The leading meme coin enjoyed a hefty surge last week, following the launch of Dogechain, an independent blockchain built using Polygon Edge, a custom blockchain creation tool from Polygon.
DOGE rallied past its 10-week high following the announcement. Shortly after, however, Jens Wiechers, the legal and governance president of the Dogecoin Foundation, said that Dogechain was not affiliated with Dogecoin. Following the announcement, DOGE plummeted, shedding 12.4% over the past week. Weekly losses put DOGE down 90.95% from its all-time high of $0.7376 recorded in May 2021, as per data from CoinMarketCap. Over $1.56 million in DOGE trades have been liquidated over the past 24 hours, suggests data from Coinglass.
Source
@Doge_ShibaInu
