As tech stocks plunge, bringing Bitcoin and the crypto market with them, one major coin took one of the hardest hits on Monday: Dogecoin.
The price of the O.G. meme coin and Elon Musk favorite fell below the $0.31 mark on Monday—the lowest price seen for DOGE so far in 2025. Dogecoin's price now stands at $0.33 per coin, after a 24-hour dip of just under 5%, CoinGecko shows.
Of the biggest coins and tokens by market cap, Dogecoin is right now one of the biggest losers. Only Solana and Cardano have fallen harder among the top 10 cryptocurrencies, with SOL down by 6% and Cardano (ADA) falling 5%.
'Bitcoin Jesus' Roger Ver Begs Trump for Pardon—But DOGE Chief Elon Musk Says Nope
Crypto entrepreneur and alleged criminal Roger “Bitcoin Jesus” Ver is pleading with President Donald Trump for a pardon—but Trump confidant and Tesla and SpaceX boss Elon Musk said that Ver’s renounced U.S. citizenship makes that impossible. Musk, the tech titan and close President Trump ally—not to mention noted Dogecoin fan and head of the Department of Government Efficiency, aka DOGE—said on X (formerly Twitter) Sunday that Ver would not get pardoned because of the move. Ver, 46, is facing ja...
Elsewhere in the top 100 coins, the biggest losers include Pudgy Penguins (PENGU) with a 16% plunge alongside the launch of its parent company's new Ethereum layer-2 network Abstract, as well as Solana Swap (SOS) with its own 16% fall and notable meme coin Pepe with a 10% decline.
Donald Trump's official meme coin TRUMP also fell Monday alongside the Solana network that plays host to it. TRUMP fell just below $25 per coin on Monday—the lowest price registered in more than a week—though it has rebounded to $27.30, down more than 2% on the day.
Meme coins—highly speculative cryptocurrencies based on internet jokes or culture—often experience the most volatility when Bitcoin takes a hit, and that was again the case on Monday.
Dogecoin, which gained a cult following in 2020 when the billionaire boss of Tesla and SpaceX said he liked the cryptocurrency, is still up significantly over the past year, having jumped by 312%.
Most of the crypto market is today in the red after Chinese artificial intelligence startup DeepSeek released a new open-source large language model at the weekend.
Elon Musk and Dogecoin: How the Billionaire Became the 'Dogefather'
As Dogecoin makes a comeback off the back of Bitcoin’s surge, some may be pondering: Where did the asset come from? What’s it for? And what’s Tesla CEO Elon Musk got to do with it? The original meme coin’s boom largely has the world’s richest man to thank. Musk’s obsession with shitposting helped boost the coin to a top 10 cryptocurrency. It’s been a wacky ride over the past few years, culminating in Musk's appointment to lead a government agency called DOGE—yes, really. But we'll explain it al...
Tech investors were apparently quick to sell their stakes in American AI-related companies because the new Chinese product used a lot less resources to create a tool of similar quality.
Crypto has largely traded in tandem with stocks in the U.S., particularly as both are considered "risk-on" assets that are prone to large price swings.
Bitcoin is now trading for $101,370 after dropping by about 3% over the past day. This time last week, it hit a new all-time high of $108,786.
Edited by Andrew Hayward
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