Dogecoin Plunges to 2025 Low Amid Crypto Market Rout

Dogecoin Hits Lowest Price So Far in 2025 as Trump and Solana Stumble

Dogecoin, the original meme coin and Elon Musk favorite, has taken a significant hit on Monday, falling below the $0.31 mark—the lowest price seen for DOGE so far in 2025. The price of the O.G. meme coin now stands at $0.33 per coin, after a 24-hour dip of just under 5%, according to CoinGecko.

Among the top 10 cryptocurrencies by market cap, Dogecoin is currently one of the biggest losers. Only Solana and Cardano have fallen harder, with SOL down by 6% and Cardano (ADA) falling 5%.

Elsewhere in the top 100 coins, the biggest losers include Pudgy Penguins (PENGU) with a 16% plunge alongside the launch of its parent company's new Ethereum layer-2 network Abstract, as well as Solana Swap (SOS) with its own 16% fall and notable meme coin Pepe with a 10% decline.

Donald Trump's official meme coin TRUMP also fell Monday alongside the Solana network that plays host to it. TRUMP fell just below $25 per coin on Monday—the lowest price registered in more than a week—though it has rebounded to $27.30, down more than 2% on the day.

Meme coins, highly speculative cryptocurrencies based on internet jokes or culture, often experience the most volatility when Bitcoin takes a hit, and that was again the case on Monday.

Dogecoin, which gained a cult following in 2020 when the billionaire boss of Tesla and SpaceX said he liked the cryptocurrency, is still up significantly over the past year, having jumped by 312%.

Most of the crypto market is today in the red after Chinese artificial intelligence startup DeepSeek released a new open-source large language model at the weekend. Tech investors were apparently quick to sell their stakes in American AI-related companies because the new Chinese product used a lot less resources to create a tool of similar quality.

Bitcoin is now trading for $101,3