DOGE Token Slides 5.11% Amid Qubic Blockchain Security Talks and Market-Wide Inflation Concerns

Dogecoin (DOGEUSDT) experienced a 5.11% price decline over the past 24 hours, with the current price at $0.21357 according to Binance. The drop is primarily attributed to heightened security concerns following reports that the Qubic blockchain project is discussing a potential 51% attack targeting Dogecoin, similar to a recent incident involving Monero. Additional downward pressure came from broader bearish sentiment in the cryptocurrency market, influenced by macroeconomic factors such as inflation worries linked to tariff-related price hikes. Despite the volatility, Dogecoin remains the 9th largest cryptocurrency by market capitalization, with a 24-hour trading volume of approximately $2.95 billion and a circulating supply exceeding 150 billion tokens.