- Dogecoin fell 10% as mixed U.S. economic data triggered a market-wide crypto pullback.
- Smaller meme coins like Bonk, Floki, and Popcat saw even steeper declines of up to 16%.
- Akuma Inu defied the trend, skyrocketing 55% on the day and 264% over the past week.
Dogecoin had a tough 24 hours, shedding nearly 10% as the crypto market struggled with mixed U.S. economic data. This market-wide correction weighed heavily on meme coins. Dogecoin, although the largest loser among top 10 cryptocurrencies, wasn’t alone. Bonk (BONK) and Dogwifhat (WIF), both Solana-based tokens, tumbled roughly 11%, while AI16Z—a meme coin with an AI theme—plunged nearly 15%.
Other meme coins also took a beating. Floki (FLOKI), Brett (BRETT), and Gigachad (GIGA) saw losses of around 11%. Meanwhile, Popcat (POPCAT) dropped a painful 16%. Despite the generally bearish sentiment, there was one bright spot: Akuma Inu. This Ethereum layer-2 token defied the market, soaring 55% today and an astonishing 264% over the past week.
Bitcoin, Ethereum Also Hit by Market Declines
The broader market didn’t fare much better. Bitcoin fell over 4%, sliding from near $101,000 to around $97,856. Ethereum followed with a 7% loss, while Solana saw a 6% dip. Dogecoin mirrored Ethereum’s decline, contributing to the general trend of risk-off sentiment as investors reacted to hotter-than-expected U.S. job data.
Economic uncertainty seems to have put pressure on cryptocurrencies as a whole, sparking concerns over liquidity and potential interest rate shifts.
Dogecoin’s Strong Start to the Year Stumbles
Despite today’s drop, Dogecoin had a solid start to 2025. The token reached nearly $0.40 earlier in January, gaining 11% during a single week. However, following this pullback, Dogecoin has slipped to about $0.35, taking a step back from its march toward the much-hyped $1 price target.
Crypto firm Galaxy Digital still holds an optimistic view, predicting Dogecoin could hit $1.00 by 2025, surpassing its previous all-time high of $0.73 in 2021. Yet, today’s volatility is a reminder of the unpredictable nature of meme coins.
Meme Coin Volatility Remains High
Unlike major cryptocurrencies like Bitcoin and Ethereum, meme coins are infamous for their wild price swings. Bitcoin’s 4% decline is noteworthy, but Dogecoin’s 10% plunge—and the deeper losses of other meme tokens—underscores their higher risk and volatility. These coins often move unpredictably, amplifying broader market trends. For
