As bitcoin-98k-nasdaq-tanks" target="_blank" class="sc-adb616fe-0 bJsyml" rel="nofollow">tech stocks plunge, bringing Bitcoin and the crypto market with them, one major coin took one of the hardest hits on Monday: dogecoin-crypto-cryptocurrency-guide-how-to-buy-doge" target="_blank" rel="noopener nofollow" class="sc-adb616fe-0 bJsyml">Dogecoin.
The price of the O.G. meme coin and Elon Musk favorite fell below the $0.31 mark on Monday—the lowest price seen for DOGE so far in 2025. Dogecoin’s price now stands at $0.33 per coin, after a 24-hour dip of just under 5%, CoinGecko shows.
Of the biggest coins and tokens by market cap, Dogecoin is right now one of the biggest losers. Only solana-a-scalable-decentralized-network-for-dapps" target="_blank" class="sc-adb616fe-0 bJsyml" rel="nofollow">Solana and cardano" target="_blank" class="sc-adb616fe-0 bJsyml" rel="nofollow">Cardano have fallen harder among the top 10 cryptocurrencies, with SOL down by 6% and Cardano (ADA) falling 5%.
Elsewhere in the top 100 coins, the biggest losers include Pudgy Penguins (PENGU) with a 16% plunge alongside the launch of its parent company’s new Ethereum layer-2 network Abstract, as well as Solana Swap (SOS) with its own 16% fall and notable meme coin Pepe with a 10% decline.
Donald Trump’s official meme coin TRUMP also fell Monday alongside the Solana network that plays host to it. TRUMP fell just below $25 per coin on Monday—the lowest price registered in more than a week—though it has rebounded to $27.30, down more than 2% on the day.
Meme coins—highly speculative cryptocurrencies based on internet jokes or culture—often experience the most volatility when Bitcoin takes a hit, and that was again the case on Monday.
Dogecoin, which gained a cult following in 2020 when the billionaire boss of Tesla and SpaceX said he liked the cryptocurrency, is still up significantly over the past year, having jumped by 312%.
Most of the crypto market is today in the red after Chinese artificial intelligence startup DeepSeek released a new open-source large language model at the weekend.
Tech investors were apparently quick to sell their stakes in American AI-related companies because the new Chinese product used a lot less resources to create a tool of similar quality.
Crypto has largely traded in tandem with stocks in the U.S., particularly as both are considered “risk-on” assets that are prone to large price swings.
Bitcoin is now trading for $101,370 after dropping by about 3% over the past day. This time last week, it hit a new all-time high of $108,786.
Edited by Andrew Hayward
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