February 18, 2025 at 23:00 Dogecoin latest price

(24-hour Dogecoin price trend)

Dogecoin's Recent Price Action and Market Dynamics

As of February 18, 2025, 23:00 UTC, Dogecoin (DOGE) traded at $0.24675627391707, experiencing a 24-hour trading volume of $1571830488.9351. DOGE's price had declined -5.4775355% over the previous 24 hours.

In terms of supply, Dogecoin's circulating supply stood at 148098476383.71 DOGE, while its maximum supply remained undetermined and its total supply was recorded at 148098476383.71 DOGE. Consequently, Dogecoin's market capitalization was valued at $36544228205.239.

The cryptocurrency market has been buzzing with discussions about Dogecoin's recent price movements and the potential factors influencing its long-term performance. Some analysts have pointed to the dwindling activity of Dogecoin whales, as evidenced by recent reports suggesting an 88% decrease in transaction volume by large holders in January. This could indicate a shift in market sentiment and a potential impact on DOGE's price trajectory going forward.

Moreover, ongoing investigations into alleged corruption within the U.S. Securities and Exchange Commission (SEC) have raised concerns among crypto enthusiasts and investors alike. As Dogecoin has been subject to scrutiny by the SEC in the past, the outcome of these investigations could potentially affect the cryptocurrency's future prospects.

Investors are closely monitoring these developments and assessing potential implications for Dogecoin's price performance and overall market perception. The crypto community remains engaged in discussions and speculations surrounding DOGE's trajectory, anticipating further market updates and regulatory announcements that may shape its future course.