Dogecoin News Today: Trump Tariffs Trigger DOGE Flash Crash as Whales Accumulate
Dogecoin (DOGE) experienced a dramatic 50% flash crash on October 10, 2025, plummeting from $0.22 to $0.11 within minutes before stabilizing near $0.19–$0.20 [1]. The selloff was triggered by the Trump administration's announcement of 100% tariffs on Chinese imports, sparking a broader risk-off sentiment across cryptocurrencies [1]. Institutional demand and ETF flows, including the launch of 21Shares' institutional DOGEDOGE-- ETF (TDOG), helped stabilize the token as whales reaccumulated over $23 million in exchange outflows [1].
The crash marked an intraday volatility of 57%, with 4.6 billion DOGE traded-far exceeding the 1.5 billion daily average [1]. Exchange data revealed large holders added 2 billion DOGE to corporate wallets, signaling potential long-term accumulation [1]. Despite the sharp decline, liquidity desks intervened to prevent further collapse, and prices rebounded to $0.19–$0.20 as panic selling subsided [1].
Technical analysis highlights a critical support zone at $0.19–$0.20, where institutional flows absorbed selling pressure [1]. Resistance levels are now set at $0.22 (pre-crash high), with potential targets at $0.25 and $0.30 if bullish momentum continues [1]. Volume surged to 4.6 billion tokens, a 220% increase above the 30-day average, indicating capitulation-grade turnover [1].
Broader market dynamics further complicated DOGE's trajectory. The U.S. Securities and Exchange Commission's delayed approval of meme coin ETFs, including DOGE, created regulatory uncertainty [3]. Meanwhile, a U.S. government shutdown beginning October 1 stalled SEC operations, prolonging decisions on altcoin ETFs and deterring institutional inflows [3].
Despite these challenges, on-chain data suggests continued whale accumulation, with large holders maintaining long-term confidence in DOGE's potential [3]. The token's recent performance underscores its sensitivity to macroeconomic factors, such as Federal Reserve hawkishness and a strengthening U.S. dollar, which amplified risk-off sentiment [3].
Price action since the crash has been mixed. On October 11, DOGE briefly dipped to $0.1916 (-4%) but rebounded, consolidating near $0.193 [1]. Analysts remain divided on short-term outcomes, with some forecasting a retest of $0.19 support and others anticipating a breakout above $0.22 to validate a bullish reversal [1].
The DogecoinDOGE-- Foundation's proposed zero-knowledge proof upgrade (OP_CHECKZKP) aims to enhance the token's utility for DeFi, gaming, and privacy applications . While not expected to immediately alter price dynamics, the upgrade could attract institutional interest by enabling Layer-2 scalability solutions .
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