Before you let your doge out here’s a short summary of what you’re getting into👇🏽
1/ Dogecoin has a huge supply. 129 billion coins.
10,000 coins are mined per minute.
That’s 14 million new coins added to the supply every day, which adds up to about 1 billion coins added every eighty days.
Apr 18, 2021 • 11 tweets • 3 min read
A possible explanation for the events that occurred last night in crypto land.
tldr: margin accounts having a cascading crash on @Binance.
1/ Traders on @Binance with up to 150x leverage (borrowing Tethers to buy crypto) have been building up their margin account balances, and when they make money, they double down, and build even bigger positions.