Dogecoin Price Flash Update: June 8, 2025
As of today, Dogecoin (DOGE) trades around $0.1837, down ~1.9% in the past 24 hours. Intraday movement hit a high of $0.1873 and a low of $0.1816.
1. Musk–Trump Feud Fuels Volatility
The ongoing feud between Elon Musk and former President Trump has sparked fresh turbulence. The clash, rooted in Musk’s public critique of a Republican spending bill, caused Dogecoin to tumble ~12% this week—with a 6% dip alone in the last 24 hours around the feud’s peak. Social-media tension is clearly spilling into price action.
2. Whale Activity Signals Potential Support
Despite the dip, large DOGE holders remain active. This week saw a renewed uptick in whale interest crypto whales have been loading up on DOGE, suggesting confidence in a possible rebound beyond the current price. On-chain data hints at accumulating whales after a quiet period, possibly stabilizing support around $0.18.
3. ETF Buzz Adds Market Fuel
The rise of memecoin-linked ETFs is heating up. Fund managers are now filing to include tokens like Dogecoin alongside NFTs and other digital assets, tapping into retail investor interest. Market watchers believe this could add long-term inflows if regulators green-light these vehicles.
What’s Next ?
Expect continued choppiness: geopolitical drama may keep prices reactive, but growing whale support and ETF momentum could cap downside at $0.18. A positive shift—like a favorable regulatory update or better sentiment—could ignite a rally toward $0.20. Still, failure to reclaim that level might invite further drops to $0.17–$0.18.
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