DOGE Drops 9.4% Amid Market Volatility and High-Profile Disputes, Trading Volume Surges

Dogecoin (DOGEUSDT) experienced a significant price decline of approximately 9.4% over the past 24 hours, with the current price at $0.17247 (Binance data), down from a 24-hour open of $0.19040. The recent price drop is primarily attributed to broader market fatigue, ongoing recession fears, and increased volatility following high-profile public disputes involving key figures such as Elon Musk and Donald Trump. Although Dogecoin saw a brief price surge after Elon Musk backtracked on his dispute with Trump, overall sentiment shifted negative as macroeconomic concerns and market-wide downturns impacted major cryptocurrencies. Trading volume remains high at over $1.74 billion, and Dogecoin retains its position as the 8th largest cryptocurrency by market capitalization, with a circulating supply of approximately 150 billion DOGE.