123% Liquidation Imbalance Stuns Dogecoin Short Sellers, Shibarium Scores Major Adoption Breakthrough, Binance to Retire Existing Deposit Ad...

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Here are the top three news stories from U.Today over the past day.

Dogecoin Short Sellers Stunned by 123% Liquidation Imbalance

Over the past 24 hours, Dogecoin experienced significant price volatility, leading to substantial liquidations for traders. CoinGlass data reveals $3.61 million in DOGE liquidations. A striking 123% liquidation imbalance favored long positions, with long traders losing $2.89 million as DOGE fell from $0.180 to $0.1746 after failing to maintain key support. Short position traders lost less than a million dollars ($720,160). At press time, DOGE is trading at $0.1698, down 5.36% in 24 hours, with trading volume slightly up (less than 1%) at $1.05 billion. Despite the price drop, bullish sentiment persists, driven by a surge in DOGE whale activity (over 500% increase in transactions), suggesting large investors anticipate further price growth.

Shibarium Achieves Major Adoption Milestone

Shibarium, Shiba Inu's layer-2 scaling solution, has surpassed 200 million total addresses, reaching 200,436,691 according to ShibariumScan data. This follows a previous milestone of one billion transactions in March. This rapid growth reflects increasing activity and engagement within the Shibarium ecosystem. The SHIB team continues to develop the platform, recently launching the SHIB App Store to foster developer participation and new projects, enhancing user experience and signaling strong future growth.

Binance to Retire Existing IOTA Deposit Addresses

Binance.US announced it will retire existing deposit addresses for IOTA on May 2, 2025, at 11:00 p.m. EDT, in preparation for the IOTA mainnet upgrade scheduled for May 5, 2025, 3:00 a.m. EDT. This is necessary due to the upcoming IOTA Rebased upgrade, transitioning from the Stardust architecture to a new network secured by 13 validators. Users are urged to complete all IOTA deposits before May 2nd to avoid permanent loss of funds. New deposit addresses will be issued within a week of the upgrade. While trading will continue uninterrupted, users should expect temporary pauses in deposits and withdrawals during the upgrade. Read original article on U.Today