June 13, 2025 at 22:00 Dogecoin latest price

(24-hour Dogecoin price trend)

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Dogecoin (DOGE) Under Pressure: Price Dips Amidst Meme Coin Sell-Off and ETF Uncertainty

As of June 13, 2024, at 22:00, Dogecoin (DOGE) is trading at $0.17564302541855. While it boasts a significant 24-hour trading volume of $1,944,558,309.7373, the popular meme coin has experienced a price decrease of -6.65270438% in the last 24 hours. With a circulating supply of 149,669,156,383.71 DOGE, and a circulating market cap of $26,288,343,439.076, Dogecoin remains a significant player in the cryptocurrency market, but recent events are casting a shadow of uncertainty.

This dip in price comes amidst a broader downturn in the meme coin sector, a trend that has sparked considerable concern among investors. Recent reports highlight a widespread "meme coin crash," with Dogecoin itself falling below the $0.20 mark. Other prominent meme coins, such as Shiba Inu (SHIB), have reached new monthly lows, while Pepe (PEPE) has reportedly seen its market capitalization plummet by a staggering $5 billion. This collective decline points to a potential shift in investor sentiment and a growing sense of risk aversion within the meme coin space.

Adding to the pressure on Dogecoin is the recent delay of a proposed Dogecoin ETF (Exchange Traded Fund). News of the delay has further dampened market enthusiasm. Some analysts are even drawing parallels to the collapse of Luna, highlighting the potential for significant value erosion in the meme coin market.

Despite the backing of influential figures like Elon Musk, Dogecoin's future remains uncertain. The delay in the ETF approval, coupled with the broader meme coin sell-off, paints a picture of a market facing increased volatility and investor anxiety. While Dogecoin still holds a substantial market cap and a dedicated community, it is clear that the road ahead may be challenging, and continued vigilance is warranted.