Remember what happened a year ago? Trump had won the US elections, the cryptocurrency market was booming, and meme coins were popping left and right, charting fresh peaks. Although DOGE failed to match its 2021 run, it still challenged the $0.50 level in anticipation of the new government department with the same acronym run by Musk. Fast-forward to late 2025, and the landscape has changed completely. The original meme coin has faded from prominence, trading just above $0.12.
It has slid about 7% over the past week and roughly 20% over the past month. Perhaps more concerning is the recent activity by Dogecoin whales. Dogecoin has not repeated its 2021 rally and now trades around the $0.12 level as the late-2025 market shifts take hold.
The meme coin’s price has fallen roughly 7% over the past week and about 20% over the last month, underscoring renewed volatility and waning momentum among meme assets. Whale selling has intensified, adding downside pressure and sparking renewed discussion about Dogecoin’s durability amid shifting investor sentiment. At the same time, exchange-traded funds tied to crypto exposure have struggled to gain traction, reflecting a broader tilt away from high-risk bets in a nuanced market environment.
Taken together, these dynamics point to a tougher near-term backdrop for Dogecoin and other meme coins. Analysts say the path forward for Dogecoin hinges on macro factors, on-chain activity, and any new catalysts capable of reigniting meme-coin interest. For now, the combination of outflows from large holders and faltering ETF momentum suggests continued volatility rather than an imminent rebound, as investors digest a changed landscape since the previous bull run.
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