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It seems you are talking about a recent event in the cryptocurrency market. A ‘flash crash’ refers to a sudden and major drop in value that can happen in just a few minutes or hours. This apparently happened in the case of various meme coins.
However, Dogecoin20 seems to have had better luck. The phrase ‘raises $1 million in 48 hours’ suggests that this cryptocurrency was able to generate a significant amount of capital quickly, usually through investment or trading. This can be indicative of growing interest in the coin or confidence from investors, despite overall market volatility.
Meme coins are cryptocurrencies that started out as a joke or meme but have turned into real investment opportunities. The most iconic example is Dogecoin, which started as a joke but experienced a significant increase in value. Dogecoin20 is a different entity, as it’s an ERC-20 representation of Dogecoin on the Ethereum blockchain.
However, it’s important to remember that the cryptocurrency market can be highly volatile, and investing in it carries risks. Always research thoroughly and consider seeking advice from a financial advisor before investing.