Apr 7, 2025
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Dogecoin Daily Volume Declines Over 90% Amid Price Drop
Dogecoin's trading volume has dropped significantly since its peak in November 2024, with a loss of over 50% of its value in less than six months. Key points include:
- Daily trading volume fell from over $60 billion to below $3 billion, marking a decline of over 90%.
- The average daily volume for April 2025 remains below $5 billion.
- Long traders have faced substantial losses, with over 80% of $4 million in liquidations occurring among long positions.
- The price decline is attributed partly to market reactions to Donald Trump's tariffs, affecting the broader crypto market.
- Despite bearish trends, some analysts maintain bullish outlooks based on historical patterns, suggesting potential price surges for Dogecoin.
