Why Is DOGE Down? Factors Behind Today’s Drop

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Dogecoin and the memecoin market are selling off amid reports linking North Korea’s Lazarus Group to recent rug-pull scams.

Dogecoin is underperforming its top-ranking rivals, having fallen over 6% in the last 24 hours to trade at $0.226.

Dogecoin is still in a bull market correction after its 525%-plus rally between August 2024 and December 2024.

The top memecoin established its second-highest price peak of $0.484 in December but has declined by more than 50% since.

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