Dogecoin News Today: As Trade Fears Sink DOGE 50%, Whales and ETFs Prop Up Price

The price of Dogecoin (DOGE) experienced a significant flash crash on October 10, 2025, plummeting by approximately 50% before stabilizing near $0.19. The sharp decline was triggered by former U.S. President Donald Trump's announcement of a 100% tariff on Chinese imports, which reignited global trade war fears and caused widespread panic in financial markets. The cryptocurrency's value dropped from around $0.27 to an intraday low of $0.13, though it later rebounded to approximately $0.19 as buying pressure from large investors and institutional activity emerged Forbes^[1].

The sell-off was part of a broader crypto market collapse, with Bitcoin and Ethereum also experiencing double-digit declines. According to on-chain data, over $19 billion in leveraged positions were liquidated within 24 hours, marking the largest single-day liquidation event in crypto history. Dogecoin accounted for a significant portion of these losses, with its price falling 39% in less than an hour Yahoo Finance^[2]. The crash was exacerbated by thin liquidity and algorithmic trading strategies that amplified the downward spiral, leading to a cascade of forced liquidations across exchanges Coindesk^[3].

Despite the volatility, key support levels for Dogecoin held, preventing further deterioration. Whale activity played a critical role in stabilizing the price. Data revealed that large holders accumulated approximately 122 million DOGE tokens, moving them to cold storage and signaling long-term confidence. Additionally, the launch of the 21Shares Dogecoin ETF (TDOG) attracted $26 million in liquidity within its first week, providing institutional investors with regulated exposure to the asset and reinforcing its market structure CoinCentral^[4].

Technical analysis suggests that Dogecoin's price action remains constructive. The cryptocurrency has respected an ascending channel since summer, with support at $0.22 and resistance near $0.25. Analysts noted that a sustained close above $0.25 could open the path to higher targets, including the $0.30 level. Meanwhile, metrics like the Relative Strength Index (RSI) and On-Balance Volume (OBV) indicate growing buyer interest, even as broader market uncertainty persists TradingView^[5].

The crash highlighted the sensitivity of meme coins to macroeconomic and geopolitical events. Dogecoin's price is closely tied to risk-on sentiment, and its performance often mirrors broader market trends. However, the recent stabilization, coupled with whale accumulation and ETF-driven institutional flows, suggests that the asset may have found a short-term floor. Analysts caution that further volatility remains likely, particularly if U.S.-China trade tensions escalate, but they also note that the purge of excessive leverage could set the stage for a healthier long-term bull market CCN^[6].