Dogecoin Price Drops 2% Amid Market-Wide Meme Coin Liquidation Pressure

The price of Dogecoin (DOGE) has declined by approximately 2% over the last 24 hours, mirroring a broader downturn across the meme coin sector. This movement coincides with increased liquidation pressure in the cryptocurrency market, leading to heightened volatility for speculative assets. Analysts note that major meme coins, including Shiba Inu (SHIB), are experiencing similar selling pressure. The trend highlights the sensitivity of meme-based cryptocurrencies to shifts in overall market sentiment and liquidity conditions. Traders are advised to monitor leverage levels closely as the market absorbs these liquidations.