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MooDeng Token Suffers $6M in Liquidations Amid Volatility
12/07/2025, 07:06
AI SUMMARY
●MooDeng sees ~$6M in liquidations within 24 hours amid high volatility
●Long and short positions affected evenly, indicating choppy market conditions
●Event underscores ongoing risks in the meme coin sector
The meme token MooDeng has experienced significant volatility, resulting in approximately $6 million in liquidations over the past 24 hours. Market data indicates that both long and short positions were wiped out almost evenly.
The event highlights the extreme risks associated with trading narrative-led meme assets. The balanced liquidation of both sides suggests choppy price action rather than a single directional trend.