Weekend Market Shock with Dogecoin’s Sudden Decline
The crypto market saw heavy turbulence over the weekend, and Dogecoin was one of the hardest hit. Prices plunged nearly 18%, erasing much of the token’s recent gains. In a single 24-hour window, DOGE lost more than 11%, making it the weakest performer among the top 10 cryptocurrencies by market cap. Trading volume spiked over 80%, a clear sign that holders were rushing to the exits.
For a token that once symbolized meme coin resilience, the sharp correction is a reminder that even the most popular assets are not immune to sudden drops. The selloff sent Dogecoin’s market cap tumbling from around $40 billion to nearly $34.5 billion in just a few sessions.
Source: TradingView
ETF Launch Fails to Spark Optimism
Earlier this month, hopes were pinned on the newly launched U.S. Dogecoin ETF, ticker DOJE. The idea was that mainstream exposure could drive a new wave of demand. Instead, the ETF has already dropped about 5.7% since its debut, leaving investors underwhelmed.
Rather than fueling a rally, the launch highlighted how established meme coins may struggle to deliver fresh momentum. The limited impact of an ETF shows that maturity often reduces upside potential, leaving little room for explosive gains.
How the Next Meme Revolution Is Being Built
What sets the next wave of meme coins apart is MAGAX itself. Rather than relying purely on hype, MAGAX, a Certik Audit Token, is blending culture with functionality—rewarding communities, creators, and active participants through its Meme-to-Earn model.
Powered by Loomint AI and built on scarcity-focused tokenomics, MAGAX presale avoids the pitfalls that plagued earlier coins. By tackling issues like bot-driven manipulation and unfair distribution, it is laying down a healthier growth model that can sustain momentum far beyond the presale stage.
The current market shows that the real opportunity isn’t in chasing old leaders that are slowing down. Instead, it lies in getting behind MAGAX early, before it breaks into the mainstream. With strong traction and a unique model, it is positioned as the true contender of this meme revolution.
