Why is Dogecoin Price Crashing Today?

29 Jul, 2025 Updated 29 Jul, 2025

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Expertise : Crypto News & Market Analysis, Content Strategy & SEO Writing

Pooja Khardia is a seasoned crypto content writer with 6+ years of experience in writing, including in blockchain, cryptocurrency, DeFi, and digital finance reporting. In her adventure journey, she is currently working with CoinGape Media and leading their Trending Section. Here, she uses her expertise to deliver analytics, market insights, price predictions, and information on what’s trending in the crypto space, aiming to keep the crypto and web3 community updated with market trends and important insights. Known for a user-centric and straightforward writing style, Pooja is passionate about making crypto easy and accessible. Her writing blends market research with storytelling, helping readers stay ahead in a fast-paced industry. When not behind the keyboard, Pooja embraces her creative side through drawing and crafting. Connect with Pooja on LinkedIn or X.

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An image to represent the Dogecoin price

Highlights

Dogecoin price has crashed over 3% today amid macro events pressure and failure to hold $0.25 support.
$16.53M in liquidation and rising volatility put downward pressure on DOGE.
Amid the decline, whales have accumulated over $130 million in DOGE tokens.

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Dogecoin price is once again on a downward trajectory, losing over 3% of its value in the last 24 hours. Notably, the decline is part of the longer correction, in which DOGE crashed to a similar level just days ago before recovering on July 28. This has left investors wondering why the foremost meme coin is down again.

Why The Dogecoin Price Is Down 3% Today

DOGE is currently struggling to hold the $0.25 support. Notably, it attempted to flip this level into support three times this month and ended up with a major correction. The same is happening at the press time, as the Dogecoin price stumbled near the $0.2274 despite an earlier recovery.

: Source: CoinMarketCap, Doge Price Chart

Besides this, the decline is a part of the broader crypto market crash, as the macroeconomic conditions and liquidation contradict the rallies. In this, the FOMC meeting on July 30 is playing a significant role, as the odds of interest rate cuts remain extremely low.

Additionally, there’s building volatility on the White House crypto policy report. As a result, $16.53 million has been liquidated in the last 24 hours, and futures open interest has declined nearly 10%. Notably, the crypto market’s sentiment index still puts investors in the greed zone, revealing that this is a momentary phase.

Whales Buy Big With Dogecoin Price Crash

While the liquidation and the broader market correction pulled down the DOGE price, whales went big on buying. Ali Martinez, a crypto analyst, revealed that whales have accumulated over 130 million Dogecoin tokens in the last 24 hours. Trader Edge claimed the number to hit 1.08 billion in the last 48 hours.

: Source, X, Dogecoin Whale Accumulation

The meme coin’s trading volume is up, currently at $2.59 billion, signaling investors’ massive interest in the token despite the dip. Crypto experts claim that there’s a short-term breakout possibility, with the target of $0.24-$0.25 as the key support. However, failure to hold may push it down again, per Dogecoin price predictions.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Frequently Asked Questions (FAQs)

1. What factors played an important role in the Dogecoin price crash?

Macroeconomic events like the July 30th FOMC meeting, broader market correction, and collapse of support led to the crash.

2. How much DOGE was liquidated in the recent crash?

Approximately $16.53 million DOGE was liquidated in 24 hours.

3. Will DOGE price recover?

In the short term, analysts suggest a potential breakout with the target between $0.24 and $0.25.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.