Dogecoin News Today: Dogecoin Plunges 16.7% Amid Dollar Strength and Fed Rate Hold

Dogecoin (DOGE) plunged 16.7% on August 1, 2025, settling at $0.20 after reaching $0.24 earlier in the week. This decline was part of a broader cryptocurrency market sell-off, marked by $758 million in total liquidations, with $23.16 million attributed to DOGE positions. The sell-off followed a stronger U.S. dollar and the Federal Reserve’s unchanged interest rate range of 4.25%–4.5%, pushing traders to exit riskier assets [1]. The price fell below its 200-day simple moving average ($0.212), with trading volume surging to $2.48 billion, according to CryptoRank. Technical indicators suggest a bearish trend, with the RSI at 38 and a bearish MACD. Immediate support is at $0.194, and resistance at $0.212. Whale activity remains notable, with 310 million DOGE tokens (valued at $62 million) being accumulated, yet macroeconomic factors such as U.S.-China trade tensions and weak employment data continue to weigh on market sentiment [1].

Despite the volatility, DOGE has shown signs of accumulation from large holders, and a rebound above $0.212 could potentially target $0.25. However, a break below $0.194 could push the price toward $0.18, deepening the bearish trend [1].

Amid the uncertainty, Mutuum Finance (MUTM) is emerging as a compelling alternative to meme coins like DOGE. MUTM is currently in Phase 6 of its presale, having raised over $14.25 million with more than 15,000 global participants. At $0.035 per token, only 15% of its total supply has been sold, positioning it as a potentially more stable and utility-driven investment [1].

MUTM distinguishes itself from speculative assets like DOGE by offering a beta platform launch expected to coincide with its listing on major exchanges. This event will transform MUTM into a functional DeFi ecosystem, where users can stake mtTokens, engage in Peer-to-Contract (P2C) lending using BTC and ETH, and explore Peer-to-Peer (P2P) lending with flexible terms. The platform’s two-tier lending system provides diverse risk-return profiles, appealing to a broad range of DeFi participants [1].

MUTM’s Layer-2 integration is another strategic advantage, significantly reducing gas fees and increasing transaction speeds. This enhancement addresses key barriers to adoption and positions MUTM as a user-friendly alternative to existing Layer-1 blockchains. The project’s roadmap is progressing steadily, with Phase 1 completed and Phase 2 in development, building investor confidence in its timely execution [1].

Security is also a priority for MUTM, as confirmed by a recent CertiK audit that scored 95 for token security and 78 for Skynet monitoring. This level of transparency and risk management is particularly appealing to investors who have previously been exposed to the volatility of meme coins like DOGE [1].

To further engage its community, MUTM is offering a $100,000 giveaway, with ten winners to receive $10,000 in MUTM tokens each. This initiative encourages early participation, particularly as the token price is set to increase to $0.040 in the near future. With only 15% of Phase 6 tokens sold, now is considered one of the last opportunities to acquire MUTM at a favorable price [1].

Source: [1] Dogecoin (DOGE) Tanks 16.7% to $0.20, Could This $0.035 Token Hit $1 Before DOGE Makes a Comeback? (https://coinmarketcap.com/community/articles/6897f86b3b515077fb4c3c20/)