DOGE Price Briefly Surges 3% After Elon Musk Apology, Trading Volume Hits $1.67 Billion

Dogecoin (DOGE) experienced a brief price surge of approximately 3% on June 11, 2025, following Elon Musk's public apology to Donald Trump, which temporarily lifted DOGE above $0.20 on Binance. This rebound was short-lived, as the price retraced over the next 24 hours, with DOGE currently trading at $0.19163 on Binance—a 2.43% decrease from the previous day's open of $0.19640. The recent price movement reflects ongoing sensitivity to high-profile social media events and influencer commentary, while broader market sentiment remains cautious amid increased competition from new projects in the payments and meme coin sectors. Over the past 24 hours, Dogecoin maintained a 24-hour trading volume of approximately $1.67 billion and a market capitalization of $28.8 billion, ranking #8 among cryptocurrencies, with price volatility aligning with a general market cooldown.