Meme token Dogecoin (DOGE) has recently experienced an extended sell-off in line with the general crypto market. The correction was extended early this week after Elon Musk announced that he would step down as the CEO of Twitter once he finds an ideal replacement.
However, the token has ignored the overall market bearish sentiment by recording minor gains characterized by capital inflow. Indeed, by press time, Dogecoin was trading at $0.08 with gains of about 3% in the last 24 hours.
At the same time, the eighth-ranked cryptocurrency by market capitalization recorded about $460 million in capital inflows within a day. By press time, DOGE had a market capitalization of $10.17 billion.
(by Paul L.)
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