Dogecoin fell as the entire crypto market took a hit on Monday, with meme coins – among the most volatile digital assets around – posting some of the steepest losses among the top 100 cryptocurrencies.
The price of the original meme piece is now standing to $0.323 per coin, following a nearly 5% drop over 24 hours, according to CoinGecko. Earlier on Monday, DOGE fell below $0.315, reaching its lowest price since January 1.
By zooming out, the asset…often praised by the world’s richest man, Elon Musk, has fallen more than 16% over the past week.
Bitcoin (BTC) took a hit As of Monday, it is now down almost 4% over the past day and trading at $91,500, after nearly touching $90,000 earlier in the morning ET time. This follows stocks, which fell on concerns that interest rates will remain higher than expected in 2025.
But even coins are falling harder today, as of this writing. Ethereum-base Pepe (PEPE), which last year was the best performing cryptocurrency among them, fell by almost 8%. Its price now stands at almost $0.0000165.
Solana-meme based Bonk (BONK) also took a hit, plunging more than 8% over the past day; it is now trading for $0.0000257. Shiba Inu (SHIB) and dogwifhat (WIF) also lost strength, with the tokens falling 6% and 9%, respectively.
Meme coins are extremely volatile cryptocurrencies based on jokes and internet culture. They are born very quickly—anyone can start one– but can disappear just as quickly.
The hype that often surrounds these cryptocurrencies means that their prices can skyrocket and bring huge gains to some lucky investors. But they can also drop to zero without warning.
Edited by Andrew Hayward
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