Posted 1/9/2024, 7:08:00 PM
Dogecoin Price Spikes 9% on Fake Kabuso Death Rumor and Wipes Out $674K in Leveraged Trades
- Dogecoin price jumped 9% on fake rumor of mascot Kabuso's death, later recanted
- Volatile price swing wiped out $674K worth of leveraged trades
- Episode riled up crypto observers as it added to speculation of market manipulation
- Came as crypto market awaits regulatory approval of spot Bitcoin ETF in US
- Similar bitcoin price spike in October on false tweet about BlackRock ETF approval