Dogecoin has posted significant losses over the past 24 hours, per data from CoinGecko. DOGE has lost over 20% in value over the past 24 hours and is trading around $0.082 at the time of publication.

Over $23 million worth of Dogecoin futures positions were liquidated over the past 24 hours, per data from Coinglass. Most liquidations were from blown-out long trades. Market sell-off As the FTX contagion spread to the broader crypto market, cryptocurrency prices fell. According to recent reports, as insolvency fears grip crypto investors in the wake of contagion risks from liquidity problems at FTX, crypto exchanges are now rushing to publicly reveal their fund reserves.

Changpeng "CZ" Zhao, the founder of cryptocurrency exchange Binance, asked exchanges to offer "proof-of-reserves" in the wake of yesterday's events involving FTX and Binance.