Dogecoin investor loses $12 million on Binance as Doge suffers violent dump

The fast-rising crypto asset, Dogecoin suffered record losses in the early hours of Sunday despite Elon Musk’s debut on the long-awaited Saturday Night Live which surprisingly led to a violent dump.
At the time of drafting this report the dog meme coin traded at $0.564505 on the FTX Exchange with a daily trading volume of $31 billion. Dogecoin is down 21.34% for the day.

Dogecoin investor loses $12 million on Binance as Doge suffers violent dump