Dogecoin (DOGE) experienced a dramatic 50% flash crash on October 10, plummeting from $0.22 to $0.11 within minutes before stabilizing around $0.19 to $0.20. This sudden drop coincided with a broader market selloff following Trump's announcement of a 100% tariff on Chinese imports.
The intraday trading range for DOGE reached $0.14, with trading volumes soaring to 4.6 billion DOGE, significantly higher than the daily average of 1.5 billion. Despite the volatility, institutional interest remained strong as 21Shares launched its DOGE ETF (TDOG), and large holders, or 'whales', added 2 billion DOGE to corporate wallets.
Dogecoin Plummets 50% in Flash Crash Amid Tariff Announcement
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.