Tag: Dogecoin

Breaking ! Dogecoin Dips 7% Amid Musk-Trump Feud: 3 Key Factors Behind the Slide

Dogecoin Price Update: June 6, 2025

As of June 6, 2025, Dogecoin (DOGE) is trading at approximately $0.181, reflecting a 7% decline over the past 24 hours. The cryptocurrency experienced an intraday high of $0.189 and a low of $0.169, indicating significant volatility in the market. This downturn is part of a broader trend affecting major cryptocurrencies, with the global market cap dipping to $3.21 trillion.

Market Volatility and Economic Indicators

The recent fluctuations in Dogecoin’s price can be attributed to several factors. Notably, the escalating public feud between Elon Musk and President Trump has introduced uncertainty into the market. This tension has led to a decline in investor confidence, contributing to the current market instability.

Whale Activity and Market Dynamics

Large transactions by institutional investors, often referred to as “whales,” have also played a role in the recent price movements. These substantial trades can significantly impact market dynamics, leading to rapid price changes. Additionally, the broader cryptocurrency market has seen a decline of approximately 2.3% in the past 24 hours, with the total market capitalization now at $3.21 trillion.

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Dogecoin Pops 9% in 24 Hours After Musk’s Surprise Tweet

Dogecoin Spikes After Elon Musk Tweets the Dog Again

Dogecoin is back in the spotlight — and guess what? Yeah, it’s because of Elon Musk.

Dogecoin price as of May 2025

DOGE pumped 9% in the last 24 hours, now trading at around $0.188, right after Musk tweeted a photo of a Shiba Inu in a pilot suit with the caption “Mission not over.” No tags, no context — just peak Elon chaos.

Crypto Twitter lost it. Speculation immediately lit up: is DOGE getting integrated into another X feature? Is Tesla doing something with it again? Or is it just Musk playing meme god like always?

Regardless, the market moved. DOGE’s 24h trading volume soared past $1.1 billion, and the meme energy is back. Binance and Coinbase both reported major DOGE buy pressure in the hours after the tweet.

It’s not just retail hopping in either. Some whale wallets scooped up over 120 million DOGE during the pump, according to on-chain trackers. Nothing confirmed, but vibes are bullish and eyes are locked on Musk’s next move.

This isn’t new — Elon’s Dogecoin tweets have caused market tremors for years. But every time people count DOGE out, it somehow bounces back with a rocket strapped to its back.

Will it hold this time? Who knows. But for now, the dog is barking again — and the internet’s listening.

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DOGE Price Drops as Elon Musk Shuts Down Government Adoption Rumors

The price of Dogecoin has dropped over 5% as its former advocate and meme connoisseur Elon Musk said that the U.S. Government has no plans to use the coin in any kind of operations with the Department of Government Efficiency.

DOGE Price Fumbles as Elon Musk Says ‘No Plans’ on Using Dogecoin

While Dogecoin investors were expecting its price to surge past its past week gains, their hopes turned into disappointment as Elon Musk stated that the federal government has no plans to use memecoin officially.

DOGE coin, memecoin

While speaking at a town hall in Wisconsin, Musk effectively quashed speculation that the Department of Government Efficiency (D.O.G.E.) would integrate it into any government dealings. This move caused it’s price to fumble, falling over 5.3% within hours.

“There are no plans for the government to use this specific memecoin for anything as far as I know,” Musk said, addressing rumors that the Trump administration’s newly formed efficiency department (D.O.G.E.) might adopt the cryptocurrency.

At the time of writing, it is trading near $0.1658, dipping as low as $0.1605 from the daily high of $0.1695 in the daily timeframe.

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Dogecoin Whales Snap Up 140M DOGE, Could a 30% Pump Be Next?

Dogecoin is abuzz once more, courtesy of “whales” that snapped up as many as 140 million DOGE tokens within just 24 hours. The splurge has thus lit a beaming ray of hope among traders and fans, with murmurs that as high as 30% can be seen pretty soon.

On-chain data, according to crypto analyst Ali Martinez, demonstrates this set of whales is not testing the water but has thrown themselves head on, stirring action into excitement in the market. In this wake of accumulation surge, Elon Musk readies his planned launch, the X Money payment system on his platform, X. Reportedly, these payments systems might support both DOGE and Bitcoin besides stablecoin, USDT:

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Although Musk himself has not announced anything on the official role of Dogecoin, mere speculation seems to get the DOGE community going. Add to that a steady price bump of 2% to $0.3861, and things are heating up pretty fast.

While the rally of the last five months was impressive at 365%, DOGE is still highly undervalued, an analysis by CoinGape points out. With the technical indicators leaning biasedly bullish and whales continuing to go on their shopping spree, analysts believe a rally of as high as 30% upward is very much plausible.

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It’s getting exciting in the Dogecoin camp because hype and hope are building.

200M Dogecoin Mysteriously Moved to Binance

Binance received 200M Dogecoin ($59.9M) from an unidentified wallet. This sparked conjecture on possible trades or liquidity preparation. Following initial losses, Dogecoin recovered 13% to $0.323, in line with the market's recovery. With more than 6.6 million holdings this year, DOGE may increase to $0.48 or fall to $0.23 despite strong resistance at $0.36.

The Dogecoin community is lit after 200 million DOGE (worth $59.9M) got transferred from a mystery wallet straight to Binance. Nobody knows who’s behind this massive move, but the rumor mill is spinning. Is it a whale looking to trade big or Binance prepping for more liquidity? The real reason is still up in the air.

DOGE’s price has been on a rollercoaster lately. After a dip below its 50-day SMA of $0.36 earlier this week, it bounced back hard—jumping 13% in the last 24 hours to hit $0.323. The rebound came after hitting a low of $0.262 on Friday and reaching an intraday high of $0.35 on Saturday.

Looking ahead, DOGE could face resistance at $0.36, but if it breaks through, we’re eyeing $0.42 or even $0.48. On the flip side, if it slides, it might drop to $0.23.

Meanwhile, the DOGE fam keeps growing, with over 6.6M wallets holding the meme coin in 2024. With a 400% jump in market cap for meme coins this year, Dogecoin is showing it’s more than just a joke—it’s here to stay.

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Dogecoin Hack: What’s the Real Tea?

Summary: Dogecoin faced a hiccup when a hacker exploited a known bug called “DogeReaper,” taking down a chunk of the network’s nodes. But don’t freak out—it only affected outdated versions, and most nodes are back online now.

What Went Down?

Here’s what went down: Dogecoin’s network got hit with a vulnerability called “DogeReaper,” knocking 442 of its 647 active nodes offline. Sounds intense, right? But here’s the good news—it only hit outdated versions. Updated nodes stayed chill, keeping the network stable and decentralized.

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DogeUni, a trusted community handle, tweeted, “The latest Dogecoin versions remain unaffected, ensuring the network’s decentralization and stability are intact.” In short: it’s not the end of the world for DOGE fans.

Why Are People Talking About It?

This vulnerability isn’t new. Developer Tobias Ruck flagged it ages ago and got a measly $200 bounty for his trouble. Fast forward to now, and it’s been exploited. Naturally, some in the Dogecoin fam are a little on edge, wondering if this means trouble for DOGE’s future.

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One crypto news handle said, “It’s not that deep, but seeing this on major news sites might make you sweat. DOGE still reigns as the top memecoin.” TL;DR: Dogecoin is fine, but this was a wake-up call to keep software updated.

Stay calm, HODL on, and update your nodes, folks. DOGE ain’t going anywhere.

Steller, Dogecoin, Cardano Shine as Crypto Market Hits $3.5 Trillion

Summary: Everybody following any kind of crypto news probably knows by now that, the cryptocurrency market has reached an all time high of $3.49 trillion with an increase of astonishing 11.5% this week. In this huge surge there are some crypto which led the rally with significant gains and they are Stellar, Dogecoin and Cardano.

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Stellar’s 190% Rally

Stellar hadn’t reached new heights since 40 months, but during this rally Stellar soared 190% making its valuation to $0.4436. This is speculated to have happened because of the Federal Reserve’s mention of its potential use in FedNow Payment system. There are many who still believe the rally hasn’t stopped for XLM and could potentially reach $5. which is a 1030% increase from its current level.

Dogecoin Peaks at $0.48

Dogecoin showed absolute potential as it ran on this crypto surge and gained 239% in just past month and rose to a yearly high of $0.48. Analysts still haven’t stop predicting that DOGE will hit $1.25 causing overbought which might cause a sudden pullback.

Cardano Breaks $1

Like Stellar and Dogecoin, Cardano (ADA) also reclaimed what was once lost and hit $1, it also had significant growth of 43.7% just this week taking it upto $1.08. Analysts show how Whale activity drove and led this rally causing a net inflows to surge to 220%, not only that but trading volume also skyrocketed by 86% reaching to $8.1 billion.

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The strong performance of these altcoins highlights growing investor confidence as the crypto market enters record-breaking territory.

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