The D.O.G.E. meme coin, named after the Department of Government Efficiency, is down 30% in a month, but traders still see a possibility for the meme coin to bounce back.
What Happened: Prominent trader Unipcs noted on X on Friday that D.O.G.E> did not perform as expected due to the launch of Trump (CRYPTO: TRUMP), which pulled liquidity from the broader meme coin market—including Dogecoin (CRYPTO: DOGE) itself.
Before TRUMP’s debut, both Doge-related meme coins appeared primed for new highs, …
Full story available on Benzinga.com