DOGE Slides 8.87% as Market Correction and Elon Musk News Trigger $2.3B Trading Surge

Dogecoin (DOGE) is currently trading at $0.18996 with a 24-hour trading volume exceeding $2.3 billion, ranking #8 by market capitalization; the price has declined 8.87% over the past 24 hours, reflecting a notable pullback from the previous day's open of $0.20846. The recent price drop is primarily attributed to a broad cryptocurrency market correction on May 30, 2025, driven by negative sentiment and profit-taking across major digital assets, as well as shifts in market activity following news of Elon Musk's departure from a government role, which influenced trading dynamics and increased selling pressure, as evidenced by order book data showing a significant majority of sellers.