Why Dogecoin Crashed 9% Overnight from Forced Liquidations - Can It Rebound?

Meme coin gets crushed by margin calls as leveraged positions unravel.

The Liquidation Cascade

Dogecoin investors woke up to a brutal 9% haircut overnight as forced liquidations triggered a selling frenzy. The cryptocurrency market's notorious volatility struck again—this time hammering the Shiba Inu-themed digital asset that retail traders love to over-leverage.

Rebound Potential Analysis

Market mechanics suggest recovery depends on whether fresh capital enters to absorb the sell pressure. Dogecoin's history of violent bounces can't be ignored, but fundamentals remain... well, let's call them 'community-driven.' The real question isn't if DOGE can rebound, but whether anyone still believes in a coin whose primary utility is tipping internet content creators.

Another day, another crypto bloodbath—because nothing says 'sound investment' like an asset that can lose nearly double-digit percentages while you sleep. At least the traditional finance guys get to watch their portfolios bleed in real-time during market hours.

A high degree of trust

GoPro has been selected for inclusion on Newsweek's 1,000-strong annual list of World's Most Trustworthy Companies for 2025. This compilation is broken down into 23 categories, and the action camera Maker was No. 5 in its category: appliances and electronics. All told, 33 companies comprised that category.

Image source: Getty Images.

The company wasn't shy in touting its inclusion. In its press release touting this, GoPro mentioned that it's now been included on Newsweek's list for two years in a row.

The magazine says its rankings are based on "extensive independent surveys," of 65,000 people in 20 countries. Collectively, these individuals submitted 200,000 company evaluations based on a trio of criteria (customer, investor, and employee trust).

In GoPro's press release, the company quoted founder and CEO Nicholas Woodman as saying, "This recognition underscores our commitment to product quality, innovation, and super serving our customers."

Let's keep our eyes on the ball

These days, GoPro is among the current crop of meme stocks that can rise or slide precipitously on any kind of news item. Newsweek isn't the must-read periodical it used to be in the pre-social media days, but still, the company's win is certainly a notable, positive development. Yet, investors should be more concerned with GoPro's fundamental performance than the victories it scores in the media world.