Nearly $140M In Dogecoin Liquidated Since Elon Musk’s Takeover Of Twitter: Here’s How Much Short-sellers Lost

Since Tesla chief Elon Musk took over the reins of social networking giant Twitter, nearly $140 million worth of Dogecoin (CRYPTO: DOGE) have been liquidated, even as the popular memecoin continued its stellar performance on Monday, trading up over 10%. Having been widely mentioned by the “Dogefather” — as Musk is known in crypto circles — Doge has gained over 110% over the past week and has reached a market capitalization of a mouth-watering $17.36 billion, with the memecoin trumping Cardano (CRYPTO: ADA) as the eighth largest cryptocurrency.