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DOGE: How the market tricked the hamsters
Remember when DOGE was at $0.1677? The hamsters were screaming “TO THE MOON!!!”, opening 2x longs, and dreaming of Tesla. Meanwhile, the market was sitting back with a cigarette, saying, “Wait, let them bring in the liquidity themselves.” 😅
A couple of days later — DOGE dropped to $0.08385, margin calls went off like microwave ovens. All the liquidity with 2x-3x leverage flew to the bottom, and the coins shifted from the hands of sellers to the wallets of smart money.
Why did this happen?
Now, 60-70% of all DOGE reserves are in the hands of those who count with calculators, not memes. Their cost basis? $0.10-$0.14. While the hamsters shouted “I won’t sell!”, institutional players whispered, “Thanks, brother. We’ll buy it all.”
The $0.1677 level — it’s a portal
It’s not just a price. It’s the boundary between belief and reality. Now, the market is waiting for a new cycle to set off a “soft madness” to $1.20-$1.50. And then, 70% of the coins will be sold by those who bought at $0.50.
Moral: DOGE is a laboratory of human greed. Every cycle is the same: hamsters dream of the Moon, the market cuts them down, institutions take everything, and then they sell beautifully at $1.50.