DOGE Surges 4.77% Amid $0.11 Liquidation Spike, High Volume Signals Strong Investor Interest

Dogecoin (DOGEUSDT) has experienced elevated liquidation activity near the $0.11 level over the past 24 hours, primarily driven by broader market volatility impacting major cryptocurrencies, including Ethereum and Solana. News reports attribute recent price movements to a general market downturn, resulting in substantial liquidations of bullish positions and bearish sentiment in meme-based assets. Despite these conditions, Binance data indicates DOGEUSDT has rebounded, currently trading at $0.10837, up 4.77% from its 24-hour open of $0.10344. The asset maintains significant trading volume and a market capitalization between $17.24 billion and $18.31 billion, with price fluctuations reflecting high activity and ongoing investor interest. No notable protocol updates, partnerships, or events have been reported in the last week.