Dogecoin experienced a dramatic 50% flash crash on October 10, 2025, causing turmoil across cryptocurrency markets.
The event signifies vulnerability in crypto markets, with potential contagion affecting broader assets and increasing instability.
Dogecoin Plummets 50% in Unexpected Flash Crash
Dogecoin’s flash crash caused a slide from $0.22 to $0.11, later stabilizing around DOGE Suffers 50% Flash Crash Before Stabilizing Near $0.19. The crash lacked any attributable communication from Dogecoin leaders or regulatory bodies. Major cryptocurrency exchanges like Binance, Coinbase, and Kraken have not confirmed liquidity issues or extraordinary risk measures in response to the crash.
"There is no evidence from primary public-facing sources of direct communication regarding the October 10, 2025 Dogecoin flash crash." — Jackson Palmer, Co-Founder of Dogecoin
$23 Million DOGE Moved Amidst Market Turmoil
The immediate effect included a reported $23 million DOGE moving from exchanges to corporate wallets, indicating potential whale activities. With trading volume skyrocketing to 4.6 billion DOGE, the spillover risk for meme coins and crypto markets remains high.
Historical Crashes Show $19.36 Billion Liquidations Risk
Comparisons to past crashes, such as March 2020’s “Black Thursday” and the 2022 FTX collapse, highlight patterns of sharp liquidations impacting multiple cryptocurrencies. Historical data suggests high crypto-wide liquidations of $19.36 billion during this event, indicating severe market disruption. The current absence of primary‑source confirmation highlights repetitive opacity and unverified market narratives adding to uncertainties.
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