Last week, big investors (called whales) sold 570 million Dogecoins, which is worth around $92.5 million. Because of this, the price of Dogecoin ( $DOGE ) dropped about 2% in just 7 days.
This kind of big sell-off usually creates fear in the market, and right now, #DOGE is not doing well compared to other coins. It’s one of the worst-performing cryptocurrencies recently, with no strong price growth.
How is DOGE doing this year?
So far in 2025, Dogecoin is down 49%. In January, it went up to $0.41 after #DonaldTrump became President. People got excited because #ElonMusk is friendly with Trump, and that helped DOGE go up at the time. But once Trump officially took office, the price dropped again and hasn’t recovered since.
What could happen next?
For the next 30 days, don’t expect much movement. According to CoinCodex, a crypto analytics site, the highest price DOGE might reach is $0.17 (right now it’s around $0.163). That’s only a 5% increase, which isn’t a big return especially since trading platforms charge fees that could eat up those small profits.
If you invest $1,000 and the price goes up 5%, you'd have $1,050. But with transaction fees, you might end up earning almost nothing.
What about the $1 goal?
Many people are hoping DOGE will hit $1, but that seems far away right now. One big reason is the fear around tariffs taxes on imports announced by Trump. There’s a 90-day pause on these tariffs, but if they start in July, the entire market could go down, and DOGE could drop even more.
So for now, Dogecoin looks weak, and prices may stay low or even go lower in the short term.
