News
Trade war anxieties and a fresh push for stablecoin regulation helped fuel the sell-off
<p data-start="514" data-end="721">Dogecoin took a steep hit Thursday, falling nearly 14% by late afternoon as jittery investors fled speculative assets. Trade war anxieties and a fresh push for stablecoin regulation helped fuel the sell-off.</p>
<p data-start="723" data-end="919">The S&;P 500 only slipped 0.5% on the day, showing that Dogecoin’s plunge wasn’t part of a broad market collapse—but rather a pointed reaction from crypto-watchers unnerved by the current backdrop.</p>
<h2 data-start="921" data-end="963">Sentiment Is Slipping Fast for Dogecoin</h2>
<p data-start="965" data-end="1011">Thursday wasn’t kind to the meme-born crypto.</p>
<p data-start="1013" data-end="1286">Dogecoin, a coin once celebrated more for its online culture than for real-world utility, dropped 7.91% to $0.18. That’s a long way from its 52-week high of $0.48. The drop reflects deeper unease in the market—not just about DOGE, but about speculative assets more broadly.</p>
<p data-start="1288" data-end="1317">This isn’t just noise either.</p>
<p data-start="1319" data-end="1613">Meme coins, which ballooned in value during crypto’s wild run-ups, are now under pressure as traders rethink risk. Even diehard Doge fans are reconsidering. One Reddit user in the r/cryptocurrency subreddit posted Thursday, <em data-start="1543" data-end="1613">“I love DOGE, but man, I can’t stomach another 20% drop in one day.”</em></p>
<p data-start="1615" data-end="1698">People want something a little more predictable right now. And Dogecoin isn’t that.</p>
<p data-start="1615" data-end="1698"><a href="https://www.theibulletin.com/wp-content/uploads/2025/06/concerned-investor-looking-at-crypto-screen-crash-getty.jpg"><img class="aligncenter size-full wp-image-57609" src="https://www.theibulletin.com/wp-content/uploads/2025/06/concerned-investor-looking-at-crypto-screen-crash-getty.jpg" alt="concerned investor looking at crypto screen crash getty" width="1116" height="837" /></a></p>
<h2 data-start="1700" data-end="1756">Trade War Fears Are Hitting Speculative Assets Harder</h2>
<p data-start="1758" data-end="1803">Let’s talk about the trade war for a second.</p>
<p data-start="1805" data-end="2076">The headlines are back—and they’re not pretty. New data showed U.S. imports of foreign goods tanked in April. That’s not just an economic signal—it’s an alarm bell. It tells investors that global supply chains are being disrupted and consumer patterns are shifting, fast.</p>
<p data-start="2078" data-end="2164">What happens when big-picture uncertainty takes over? Money flies out of riskier bets.</p>
<p data-start="2166" data-end="2396">And it’s not just stocks feeling it. Crypto, especially the more speculative side like meme coins, is getting hammered. The risk appetite just isn’t there right now, not with economic shifts that feel more tectonic than temporary.</p>
<h2 data-start="2429" data-end="2475">Stablecoins Suddenly Look… Kinda Attractive</h2>
<p data-start="2477" data-end="2510">Here&#8217;s where it gets interesting.</p>
<p data-start="2512" data-end="2845">On Thursday, Senator Ruben Gallego dropped a number that turned heads in Washington and crypto circles: 16 Democrats in the Senate are ready to vote in favor of the GENIUS Act. That’s the Guiding and Establishing National Innovation for U.S. Stablecoins, a long-winded name for a bill that could define how stablecoins are regulated.</p>
<p data-start="2847" data-end="3103">It’s a big moment. Crypto’s problem has always been legitimacy. Stablecoins offer that—kind of. They&#8217;re pegged to assets like the dollar and don’t swing wildly like DOGE does. Which makes them appealing when the rest of the market feels like it’s spinning.</p>
<p data-start="3105" data-end="3151">Here&#8217;s what’s driving the stablecoin momentum:</p>
<ul data-start="3153" data-end="3382">
<li data-start="3153" data-end="3220">
<p data-start="3155" data-end="3220">Regulatory clarity from GENIUS could attract institutional money.</p>
</li>
<li data-start="3221" data-end="3299">
<p data-start="3223" data-end="3299">Stablecoins are easier to integrate into payments, finance, and remittances.</p>
</li>
<li data-start="3300" data-end="3382">
<p data-start="3302" data-end="3382">Investors are leaning on them as a parking space amid broader crypto volatility.</p>
</li>
</ul>
<p data-start="3384" data-end="3476">The market&#8217;s shift in focus is loud and clear. Meme coins are out of the spotlight, for now.</p>
<h2 data-start="3478" data-end="3521">DOGE’s Wild Ride: The Numbers Say It All</h2>
<p data-start="3523" data-end="3633">Dogecoin’s numbers over the last few months paint a picture of something unstable—fun maybe, but hard to hold.</p>
<div class="_tableContainer_16hzy_1">
<div class="_tableWrapper_16hzy_14 group flex w-fit flex-col-reverse" tabindex="-1">
<table class="w-fit min-w-(--thread-content-width)" data-start="3635" data-end="3978">
<thead data-start="3635" data-end="3677">
<tr data-start="3635" data-end="3677">
<th data-start="3635" data-end="3658" data-col-size="sm">Metric</th>
<th data-start="3658" data-end="3677" data-col-size="sm">Value</th>
</tr>
</thead>
<tbody data-start="3721" data-end="3978">
<tr data-start="3721" data-end="3763">
<td data-start="3721" data-end="3744" data-col-size="sm">Market Cap</td>
<td data-start="3744" data-end="3763" data-col-size="sm">$26 Billion</td>
</tr>
<tr data-start="3764" data-end="3806">
<td data-start="3764" data-end="3787" data-col-size="sm">Price Range (Today)</td>
<td data-start="3787" data-end="3806" data-col-size="sm">$0.17 &#8211; $0.19</td>
</tr>
<tr data-start="3807" data-end="3849">
<td data-start="3807" data-end="3830" data-col-size="sm">52-Week Range</td>
<td data-start="3830" data-end="3849" data-col-size="sm">$0.08 &#8211; $0.48</td>
</tr>
<tr data-start="3850" data-end="3892">
<td data-start="3850" data-end="3873" data-col-size="sm">Volume (Today)</td>
<td data-start="3873" data-end="3892" data-col-size="sm">1.86 Billion</td>
</tr>
<tr data-start="3893" data-end="3935">
<td data-start="3893" data-end="3916" data-col-size="sm">YTD Change</td>
<td data-start="3916" data-end="3935" data-col-size="sm">+31%</td>
</tr>
<tr data-start="3936" data-end="3978">
<td data-start="3936" data-end="3959" data-col-size="sm">Daily Change</td>
<td data-start="3959" data-end="3978" data-col-size="sm">-7.91%</td>
</tr>
</tbody>
</table>
<div class="sticky end-(--thread-content-margin) h-0 self-end select-none">
<div class="absolute end-0 flex items-end">Volume is huge, but that’s not always a good thing. It can mean panic selling just as much as buying interest. And today, it was all about exits.</div>
</div>
</div>
</div>
<h2 data-start="4157" data-end="4206">Meme Coins Could Bounce, But Don’t Count On It</h2>
<p data-start="4208" data-end="4296">There’s always hope in crypto. It’s like a casino with more memes and fewer free drinks.</p>
<p data-start="4298" data-end="4522">Some analysts think Dogecoin could bounce back—briefly. It’s still one of the most recognized tokens out there. Elon Musk hasn’t tweeted about it lately, but you never know. All it takes is one viral post to change the mood.</p>
<p data-start="4524" data-end="4706">Still, investors looking for fundamentals are walking away. And in the current climate, those chasing the latest “shiny thing” are being reminded that hype doesn’t always hold value.</p>
<p data-start="4708" data-end="4729">It’s tough out there.</p>
<p data-start="4731" data-end="4918">If you&#8217;re in DOGE right now, you&#8217;re probably asking yourself: do I ride this out or cut my losses? Either way, the days of guaranteed double-digit gains overnight feel far away right now.</p>
<h2 data-start="4920" data-end="4976">Investor Mood: Somewhere Between Cautious and Nervous</h2>
<p data-start="4978" data-end="5025">Let’s call it what it is—investors are spooked.</p>
<p data-start="5027" data-end="5229">Between a shaky global trade environment, regulatory changes, and crypto volatility, most are playing defense. Thursday&#8217;s drop in DOGE was less about the coin itself and more about the mood in the room.</p>
<p data-start="5231" data-end="5256">And the mood’s not great.</p>
<p data-start="5258" data-end="5461">The crypto crowd is historically emotional. That’s part of the draw—but also part of the danger. When confidence cracks, meme coins are often the first to tumble. And that’s exactly what we saw Thursday.</p>
<p data-start="5463" data-end="5619">Some are still holding out hope that the GENIUS Act brings clarity and that stablecoins don’t steal the whole show. But for now, DOGE is licking its wounds.</p>

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