DOGE Slides 5.89% as $800M in Losses Realized and 6.92 Billion Tokens Move Amid Market Slowdown

Dogecoin (DOGE) experienced a price decline of approximately 5.89% over the last 24 hours, with the current price at $0.18079 according to Binance. This drop is primarily attributed to increased profit-taking among short- and mid-term holders, as reflected by over $800 million in realized losses and a significant movement of 6.92 billion DOGE. Broader market sentiment shows traders locking in gains across major cryptocurrencies, and technical resistance at $0.25 has contributed to downward pressure. Despite a brief rebound following positive news involving Elon Musk, overall market fatigue and reduced trading activity have led to a contraction in volume by about 17%. As of June 12, 2025, Dogecoin maintains a market capitalization of approximately $28.88 billion, with 24-hour trading volume between $1.18 and $1.28 billion, while around 30% of holders remain at a loss.