Dogecoin (DOGE) fell 12.4% in the past 24 hours as a broader market decline continues, triggered by the Federal Reserve's latest economic outlook.
Holders repositioned bags, resulting in a drop of the meme coin to $0.31. Trading volume grew 67% from $10.25 to $10.2 billion. It's now down 35% from its 2024 high of $0.47.
Despite the pullback, Dogecoin's market capitalization remains at $46.6 billion, maintaining its position as the seventh-largest crypto.
Powell's Comments that are hawkish Risk assets were rocked by Wednesday’s news of higher-than expected inflation and employment projections in 2025, while crypto was hardest hit.
The Fed's forecast, which hinted at higher interest rates for longer—spooking market participants—impacted speculative assets, including meme coins, which typically show heightened sensitivity to macroeconomic signals.
Dogecoin's price decline coincided with significant outflows, particularly on Binance, where over $83 million exited the market while trading volume spiked 74% to $1.85 billion, data from CoinGlass aggregated across major exchanges The following is a list of the most recent shows..
Liquidation data shows a concentrated pressure to sell, and negative net flows on most of the major exchanges, except Bybit. This suggests a wider market exodus, rather than an exchange-specific movement.
Trading patterns on exchanges show that there was a persistent sell-off from November to December. Prices of the DOGE/USDT pairing at Binance and OKX fell by approximately 23 % in the last week.
You can also find out more about the A-Team here. Wider crypto Other assets such as Ethereum, XRP and Solana have also suffered double-digit losses.
DOGE’s decline coincides with Bitcoin's retreat below $100,000 this week, though meme coins generally have experienced steeper drops compared to other cryptos, sector CoinGecko is a show.
Fartcoin was the only cryptocurrency to show positive results in the last week. It gained 71%. The meme coin, true to its name has continued to accumulate and is now up 323% for the month.
Fartcoin is also gaining a lot mainstream media attention. Decrypt The following is a list of the most recent articles. What is it? mentioned The Late Show on CBS with Stephen Colbert
The following are some of the most effective ways to reduce your risk. CoinGecko shows that recent Solana meme coin favorites, like MOODENG or CHILLGUY have dropped to the mid-cap category, their prices falling by respectively 38% and 43 %. Peanut the Squirrel’s (PNUT), which has a market capital of $672,000,000, is down by 46%.
Other dog-themed tokens followed DOGE's slide. Shiba Inus (SHIB) fell 23.3% and BONK declined 22.5% on the same day.
DOGE’s current price is a significant improvement from the humble beginnings of the company, but it still remains 57% under its previous peak, $0.73 in 2021, which was reached during a bull market.
Sebastian Sinclair edited the book