Dogecoin Down 9%: What Is Going On?
Posted On November 15, 2024
Dogecoin’s (CRYPTO: DOGE) 9% price pullback presents a potential buying opportunity, according to optimistic cryptocurrency traders on social media.
What Happened: After an 88% rally over the past week, Dogecoin has dropped 9% in Friday trading.
On-chain tracker Lookonchain reported that a whale shifted all funds from the SPX meme coin to DOGE in the past two days, selling 10.6 million SPX for $6.2 million and using the proceeds to buy 13.95 million DOGE worth $4.88 million.
Despite the dip, Dogecoin remains one of the top-performing meme coins:
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
| Dogecoin (CRYPTO: DOGE) | $0.3749 | $55 billion | -8.9% | +88% |
| Shiba Inu (CRYPTO: SHIB) | $0.00002426 | $14.3 billion | -6.1% | +27% |
| Pepe (CRYPTO: |
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