DOGE Token Holds Top 10 Spot Amid 2.25% Drop, $23.35B Whale Moves Signal Ongoing Volatility

Dogecoin (DOGEUSDT) experienced a 2.25% price decline over the past 24 hours, with the current price at $0.17007 and a 24-hour trading volume of approximately $1.05 billion on Binance. The price drop is primarily attributed to heightened volatility following a 22% intraday decline reported on June 17, 2025, as well as ongoing regulatory discussions and increased competition from new meme coins. Despite a brief rebound after testing the $0.17 support level, overall market sentiment remains cautious due to bearish forecasts and regulatory uncertainty, though technical indicators such as RSI and MACD have shown short-term bullish signals. Dogecoin remains among the top 10 cryptocurrencies by market capitalization, maintaining strong trading activity and significant whale transactions totaling $23.35 billion in the last 24 hours.