{"id":4457,"date":"2024-12-19T06:01:35","date_gmt":"2024-12-19T06:01:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=4457"},"modified":"2024-12-19T06:01:35","modified_gmt":"2024-12-19T06:01:35","slug":"dogecoin-bull-says-he-had-to-sell-as-meme-king-plunges-to-5-week-low-but-derivative-traders-remain-bullish","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=4457","title":{"rendered":"Dogecoin Bull Says He &#8216;Had To Sell&#8217; As Meme King Plunges To 5-Week Low But Derivative Traders Remain Bullish"},"content":{"rendered":"<div>\n<p>Popular dog-themed cryptocurrency <strong>Dogecoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/doge\/usd\">DOGE<\/a>) dumped hard Wednesday amid the broader market slump precipitated by the Federal Reserve&#8217;s hawkish outlook.<\/p>\n<p><strong>What happened<\/strong>: The world&#8217;s largest meme coin by market capitalization sank to a 5-week low of $0.34 during the evening before clawing back to $0.36.\u00a0<\/p>\n<p>DOGE lost over 6% in the last 24 hours, while its trading volume spiked 62% to $6.57 billion, making it one of the most transacted tokens on the day.<\/p>\n<p>Well-known cryptocurrency analyst <strong>Kevin <\/strong>said that the move down was expected and it was &#8220;staring us all in the face.&#8221;<\/p>\n<p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/p>\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We predicted this move down on <a ...><\/a><\/p>\n<\/blockquote>\n<\/div>\n<\/figure>\n<p><a href=\"https:\/\/www.benzinga.com\/trading-ideas\/movers\/24\/12\/42568740\/dogecoin-bull-says-he-had-to-sell-as-meme-king-plunges-to-5-week-low-but-derivative-traders-\" alt=\"Dogecoin\" bull says he to sell as meme king plunges low but derivative traders remain bullish>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Popular dog-themed cryptocurrency Dogecoin (CRYPTO: DOGE) dumped hard Wednesday amid the broader market slump precipitated by the Federal Reserve&#8217;s hawkish outlook. What happened: The world&#8217;s largest meme coin by market capitalization sank to a 5-week low of $0.34 during the evening before clawing back to $0.36.\u00a0 DOGE lost over 6% in the last 24 hours, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-4457","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4457"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4457\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}