Musk's 'Silence' Triggers Dogecoin Crash! Price Halved, $30 Billion Market Value Vanished!
【A Terrifying Moment from Peak to Valley】
On March 15, 2025, the once-prominent Dogecoin suddenly faced a cliff-like plunge, with its price plummeting from a high of $0.48 all the way down to $0.17, resulting in a loss of over $30 billion in market value, marking the lowest record in nearly a year and a half.
【Three 'Black Swans' Triggering the Crash】
1. Musk's 'Food Supply Cut Off': Ever since Musk took on the role of energy advisor in the U.S., this 'number one fan' of Dogecoin has not mentioned it on social media for a full three months, and even the iconic 'dog head' emoji has disappeared.
2. Adverse Policy: The U.S. Securities and Exchange Commission announced a delay in the approval of the Dogecoin ETF until May, which directly shattered market confidence, leading retail investors to sell off.
3. Market Chill: The S&P 500 index plummeted by 8%, the overall cryptocurrency market shrank by 20%, and Dogecoin, as a representative of 'meme coins', became a major area for sell-offs.
【Signal of a Counterattack?】
Despite the market's wailing, some signs indicate that Dogecoin may be brewing a rebound, with $0.16 considered as Dogecoin's 'decade-long firm bottom', and the TD Sequential indicator showing buy signals, which has accurately predicted 70% of market reversals in the past.
【$0.16: Lifeline or Launchpad?】
Renowned analyst 'Crypto Hunter' pointed out that $0.16 is Dogecoin's 'lifeline', if it can hold, Dogecoin is expected to rebound to $2.74, a staggering increase of 15 times, but if it falls below, the price may drop to zero directly.
$0.16, is it Dogecoin's 'golden bottom' or a 'pit for retail investors'? In this high-stakes gamble involving 2.7 million investors, would you dare to place a bet?
