Dogecoin (DOGE), the leading meme coin, has experienced a sharp decline of over 6% in the last 24 hours, attributed to the price movement of Bitcoin. As the flagship cryptocurrency dropped from over $66,000 to below $64,000, altcoins like DOGE are known to follow a similar downtrend.
After charting impressive gains and recording new all-time highs, Bitcoin’s price has violently retraced to a weekly low of $67,000, dragging altcoins like Dogecoin and Shiba Inu down with it, leading to nearly $700 million in liquidated trader positions within the past 24 hours.
PEPE led meme coin gains with a 180% weekly price explosion to $0.0000033, joined by FLOKI and Doge surging 20-30%, as the niche crypto sector suddenly rebounds to $27 billion.
