DOG Bitcoin, the community-led memecoin running on the Bitcoin blockchain, saw a sharp sell-off over the last 24 hours. The memecoin dropped 13.33% to trade at $0.004198, pushing its market cap down to $419.88 million. It’s a big fall for a token that had been riding high through May.
Even with the drop, DOG has gained 49.45% over the past month. The memecoin has had an explosive run in recent weeks, driven by renewed interest in Bitcoin-native tokens. But short-term volatility seems to be catching up. In the last week, DOG has slipped about 8.23%, cooling off a bit after its recent rally.
But the dip hasn’t really scared people off. Trading activity increased, with 24-hour volume jumping by over 21% to $26 million. So clearly, there’s still a lot of interest. People are either buying the dip or cashing out while it’s still hot.
Launched in early 2024, DOG isn’t your typical memecoin. It runs natively on Bitcoin, which sets it apart from the usual suspects that live on Ethereum or Solana.
As for the recent price dip, it’s not just DOG. The whole market’s been cooling off a bit, and DOG’s fall seems to be part of that broader trend. Bitcoin’s total market cap slipped 2.87% to $3.21 trillion, and several altcoins have seen similar dips. After a strong April and May, some level of pullback isn’t surprising.
Still, DOG remains one of the more interesting memecoins to watch right now, not just because of price action, but because it’s trying something new in a space that rarely sees innovation.
Whether it can hold onto this momentum is a different question. But for now, DOG Bitcoin has everyone’s attention.
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