On February 17, 2025, at 10:30 am HNE, an important market event occurred when Elon Musk announced that Dogecoin (DOGE) would launch a major audit in the Securities and Exchange Commission (SEC) for allegations of fraud, abuse and mismanagement (Crypto Rover, 2025). Immediately after the announcement, DOGE experienced a sharp increase in price, from $ 0.35 to $ 0.42 during the first hour, an increase of 20% (CoinmarketCap, 2025). This event also experienced spike trading volumes, with trading dage / USD volumes reaching 5.2 billion Doge on the main exchanges such as Binance and Coinbase, against an average of 2.8 billion Doge the day before (tradingView , 2025). At the same time, other major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) showed a minimum reaction, the BTC increasing from $ 62,500 to $ 62,500 from 0.8% to $ 3,800 ( Coingecko, 2025). The announcement has also led to an increase in social media activity, with hashtags linked to the trendy Dogecoin on Twitter and Reddit, indicating an increased feeling of the market (Socialblade, 2025).
The commercial implications of this event were substantial. The overvoltage of DOGE prices was accompanied by increased volatility, time volatility reaching 8.5% compared to the average of 3.2% in last week (Cryptocompare, 2025). This volatility has presented both opportunities and risks for merchants. On the DOGE / BTC commercial pair, the price went from 0.0000056 BTC to 0.0000067 BTC, an increase of 19.6%, indicating a high demand for DOGE against BTC (Binance, 2025). In addition, the Doge / ETH pair experienced a similar increase, from 0.000092 ETH to 0.000113 ETH, an increase of 22.8% (Coinbase, 2025). Channel metrics also supported the bullish feeling, the number of active Doge addresses increasing by 15% to 3.2 million and the volume of transaction increasing by 25% to 12 billion Doge (blockchain.com, 2025) . These measures suggest a robust market response to news, traders actively engaging in DOGE transactions.
From the point of view of technical analysis, the Doge prices movement after cancellation has shown a clear break in the resistance level of $ 0.38, which had been tested several times in the previous month (TradingView, 2025) . The relative resistance index (RSI) for DOGE has gone from 55 to 72, indicating over -rascal conditions but also a strong momentum (Coigy, 2025). The divergence of mobile average convergence (MacD) also confirmed the upward trend, the MacD line crossing the signal line on February 17, 2025, at 11:00 HNE (TradingView, 2025). The data on the volume of negotiation has further corroborated this trend, the volumes of trading Doge / USD remaining high throughout the day, with an average of 4.5 billion Doge per hour, much higher than the average of the Previous week of 1.8 billion DOGE per hour (CoinmarketCap, 2025). These technical indicators and volume data suggest that the market reaction to the audit announcement was not only immediate but also sustained, indicating a strong interest in traffic and a potential for additional price movements.
In the context of AI developments, although this specific event is not directly linked to AI, the feeling of the wider cryptography market can be influenced by IA -based commercial algorithms. On February 17, 2025, the negotiation volumes led by AI for DOGE increased by 30%, with AI trading robots representing approximately 12% of the total DOGE negotiation volume, against an average of 9% (Kaiko, 2025) . This increase in AI -based commercial activity suggests that automated systems quickly capitalized on newspaper volatility. In addition, the correlation between the Doge and the tokens linked to AI such as singularitynet (Agix) and Fetch.ai (FET) showed a slight positive correlation, Agix increasing by 2.5% and Fet by 1.8% After the Surge Doge (Coingecko, 2025). This correlation indicates that the feeling of the market around AI tokens can be influenced by major events on the wider market of cryptography, presenting potential trading possibilities for those who seek to exploit AI-Crypto multisgments.