Bearish
Dogecoin (DOGE) drops 3.5% to $0.083 amid co-founder’s $1.2T stimulus joke.
In the past 24 hours, Dogecoin's price declined by 3.5%, reaching $0.083, following a $1.2 trillion stimulus joke by co-founder Billy Markus. This remark, suggesting the U.S. government distribute $1.2 trillion worth of DOGE to citizens instead of cash, was perceived by traders as a bearish signal, leading to increased selling pressure.
Key points
- Dogecoin's price fell 3.5% to $0.083 following co-founder Billy Markus's $1.2 trillion stimulus joke.
- Whale wallets added over 240 million DOGE during the price dip, indicating potential accumulation.
Sources
AI-generated from public news sources. Not financial advice.
