DOGE Drops 8.8% Amid Market Weakness, Trading Volume Surges Past $1.2B Despite Volatility

Dogecoin (DOGEUSDT) experienced an 8.80% price decline over the past 24 hours, with the current price at 0.17589 (Binance data), down from a 24h open of 0.19287. The price drop is attributed to broader cryptocurrency market weakness, profit-taking by traders amid improved macroeconomic conditions, and recent market fatigue, as reported on June 12, 2025. While there was a brief 3% rebound following Elon Musk's public apology to Donald Trump, overall sentiment remained cautious, and the meme coin sector saw increased volatility. Dogecoin maintains a high trading volume (over $1.2 billion in 24h) and a market cap near $24.35 billion, ranking #8 by market capitalization, but has shown notable short-term weakness in line with sector-wide declines.