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%.
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.
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