Dogecoin experienced a staggering 165,815% imbalance in one-hour liquidations, marking a significant event in its trading history. Total losses during this period reached $462,340, with long-position traders incurring $287,990 in losses, while short-position traders lost $174,350. The price of Dogecoin fell by 1.46% to $0.1369, and trading volume decreased by 41.14% to $23.6 billion. The volatility followed the announcement of a 2x Long Dogecoin ETF by 21Shares, which led to a 40% surge in trading volume, bringing $31 billion into the Dogecoin market. This influx highlights the heightened interest and speculative trading surrounding the meme cryptocurrency.