Has Dogecoin had a day in the sun? The O. G. image gold has sunk to its lowest price in three months, almost matching its 2025 lower in the process.
The price of Elon Musk’s favorite cryptocurrency now stands at$ 0.225 per coin, after a 24-hour dip of 7 %, according to CoinGecko. It dipped as low as$ 0.2239 earlier, coming close to this year’s low mark of$ 0.2237 set earlier in February.
DOGE is now one of the worst-performing major digital assets in the world, close to the top of the charts. Zooming out more, over a seven-day period, Dogecoin has dipped by close to 16 %.
Elon Musk, the richest man in the world, started talking about the gold suddenly just weeks after it was flying. The coin hit a three-year high price of$ 0.48 in December, but has fallen substantially since.
The cryptocurrency, which is the eighth-largest modern coin by business cover, initially gained in price when Tesla CEO started pumping it on Twitter during the COVID-19 crisis.
Is now runs a U. S. state office tasked with cutting expenses named after the cryptocurrency’s scoreboard: the Department of Government Performance, or DOGE.
CoinGlass data shows that opened interest on the penny is just above$ 2.16 billion, which is the lowest level this year for traders.
CoinGecko reports that almost every modern token in the red has taken a big hit the entire image coin marketplace.
Meme coins and tokens have recently received negative reviews from Argentine president Javier Milei, who earlier this month helped promote a similar token, the Libra, only for its value to immediately decline.
The South American nation’s leader has since been accused of fraud.
Elsewhere, Solana, the sixth-biggest digital asset, has dropped harder than DOGE, having dipped by over 8 % over a 24-hour period to a price of about$ 154.
Meanwhile, Bitcoin is now down by 1 % over the past day, and is priced at$ 94, 557.
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