The crypto industry’s largest “meme coin” by market capitalization, Dogecoin, has plummeted over 9% overnight.
DOGE is now trading at around $0.088 following the latest drop. Bears have been in control of the token for the past week, too; in the past seven days, Dogecoin has fallen almost 16%, per CoinGecko.
After Ethereum and Bitcoin, DOGE generated the third-most liquidations in the past 24 hours.
There’s been little indication, however, that he’ll actually move forward with such plans.
Though Dogecoin is the biggest loser among the top 10 largest cryptocurrencies, it isn’t the only digital asset to drop points.
In the past 24 hours, Bitcoin and Ethereum have both shed 1.4% and 2.2%, respectively. The industry’s largest cryptocurrency is now trading at just under $17,000, while Ethereum is trading hands at $1,246.