In a surprising twist within the digital currency market, Dogecoin has flipped XRP in terms of daily liquidations. The recent recovery phase saw many buyers cooling off, triggering mild liquidations for various altcoins, particularly Dogecoin (DOGE) and XRP. Recent data from CoinGlass highlights that Dogecoin now surpasses XRP regarding liquidation figures, suggesting over-leverage among Dogecoin traders.

This development suggests that while Dogecoin enjoys a burst of activity, some traders may have gotten carried away with their positions. As the market adjusts, analysts will be observing how this affects the price and trading volume of both DOGE and XRP.

The over-leverage scenario speaks volumes about the volatility inherent in meme coins and altcoins, prompting traders to exercise caution and assess their positions carefully. Both Dogecoin and XRP’s movements will be monitored closely as traders react to this evolving landscape.