The best room for you to discuss about it is the Announcement topic of Dogecoin, so here you go:
https://bitcointalk.org/index.php?topic=361813.msg56214636#msg56214636The price of DOGE has suddenly leaped from 25 sats to 129 sats in just a matter of hours. It was unbelievable. No one was expecting such a rally for DOGE. That's more than 400% of growth out of the blue.
It topped at 149 satoshis. I did not hope for the rock show to the Moon like that. I used believe Dogecoin will only top up at 60 satoshis. 149 satoshis is an incredible price that was caused by FOMO definitely and liquidation. Dogecoin is given the leverage x5 on Binance and if it can rise like that 500% in a day, you know what will happen with other altcoins that have bigger leverages, x10.
Accordingly, the rally has something to do with the infamous Wall Street Bets which got its popularity through Reddit.
As of this writing, DOGE has already climbed to the 13th rank as per CMC and Coingecko, surpassing the larger names in crypto such as EOS, Monero, Tezos, Tron, etc.
News is news and when you are able to verify the validity of news you read, price already tops up at the Moon or your leverage position, short orders were already liquidated in blinks of eyes.
Some of silent people are leverage traders who were liquidated in the past 24 hours. They have nothing to say now.