The Bitcoin price has slipped 2% over the last 24 hours to trade at $101,647 as of 4.05 a.m. EST with the daily trading volume [...]The Bitcoin price has slipped 2% over the last 24 hours to trade at $101,647 as of 4.05 a.m. EST with the daily trading volume [...]

Dogecoin Price Plunges 6% As Elon Musk Renews DOGE Moon Mission Vow With “It’s Time” Tweet

2025/11/04 20:10

The Dogecoin price has plunged 6% in the last 24 hours to trade at $0.1633 as of 2:42 a.m. EST on trading volume that skyrocketed 115% to $3.5 billion.

This comes as Elon Musk renewed his DOGE moon mission vow after tweeting “It’s time” on X, recalling his 2021 promise to send “a literal Dogecoin to the literal moon” through SpaceX’s DOGE-1 mission.

Musk’s fascination with Dogecoin has continued over the years, with his tweets repeatedly moving its price.

He has continuously called DOGE the people’s crypto, supporting the idea that DOGE could become the currency of Mars.

Crypto ETFs Move Forward Despite Regulatory Silence

In another development, Bitwise and Grayscale announced management fees for their upcoming XRP and Dogecoin ETFs (exchange-traded funds), even though they have not yet received official approval from the US Securities and Exchange Commission (SEC).

The move to list their ETFs without waiting for SEC approval mirrors Grayscale’s recent move with its Solana ETF, which launched despite the lack of a formal SEC sign-off.  

Grayscale plans a 0.35% fee for both its XRP and Dogecoin ETFs, according to recent filings.

Interestingly, the recent government shutdown and updated regulatory processes have opened an unexpected window for crypto firms to list ETFs without facing the usual SEC procedural delays.

If the ETFs launch successfully, it could mark a new era for digital asset investment in the US, giving crypto firms more room to innovate despite ongoing regulatory uncertainty.

Dogecoin Price Under Sustained Bearish Pressure

After attempting to reclaim the $0.30 range earlier this year, the DOGE price has entered a sustained downtrend, as it breaks down below key Fibonacci support levels.

The recent Dogecoin price action shows the token consolidating below significant resistance barriers, signaling sustained bearish momentum in the broader market.

The decline began after DOGE failed to maintain support above $0.20, triggering a deeper correction that pushed the price below both the 50-day and 200-day Simple Moving Averages (SMAs).

Currently, the 50-day SMA sits around $0.2205, while the 200-day SMA is positioned at $0.2095. The position of the SMAs confirms that sellers remain in control.

DOGE is trading near $0.1633, hovering close to the key Fibonacci retracement level of 0.786 ($0.1714). A sustained close below this level increases the likelihood of a move toward the critical support zone between $0.14 and $0.15, where buyers previously managed to absorb heavy selling pressure.

Meanwhile, the Relative Strength Index (RSI) on the daily chart stands around 31, signaling that DOGE is nearing oversold territory, as it continues to experience consistent bearish pressure.

The Fibonacci retracement structure further highlights that the next potential resistance levels lie near $0.17, followed by $0.205 and $0.22, all of which align with previous breakdown zones and the overhead SMAs.

Dogecoin Price Chart Analysis Source: GeckoTerminalDOGE/USD Chart Analysis Source: GeckoTerminal

DOGE Price Faces Further Downside Risk

Based on the current DOGE/USD technical outlook, the DOGE price remains under intense bearish pressure in the short term.

With the RSI dropping within the 30-oversold level, sellers continue to show their strength. Meanwhile, the 50-day SMA is closing in on the 200-day SMA, and if it crosses below, they would form a death cross, which could be a hint of an incoming bearish trend.

If the bearish momentum persists, Dogecoin could retest the $0.14 support, implying a potential 13% decline from current levels.

This comes as Ali Martinez, a popular crypto analyst with over 161K followers on X, noted that whales sold over 1 billion DOGE tokens in the last week. 

Conversely, a rebound above $0.17 could trigger a short-term recovery toward $0.20 (0.618 Fib level).

Piyasa Fırsatı
Dogelon Mars Logosu
Dogelon Mars Fiyatı(ELON)
$0.00000005292
$0.00000005292$0.00000005292
-2.37%
USD
Dogelon Mars (ELON) Canlı Fiyat Grafiği
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Trump-Backed WLFI Plunges 58% – Buyback Plan Announced to Halt Freefall

Trump-Backed WLFI Plunges 58% – Buyback Plan Announced to Halt Freefall

World Liberty Financial (WLFI), the Trump-linked DeFi project, is scrambling to stop a market collapse after its token lost over 50% of its value in September. On Friday, the project unveiled a full buyback-and-burn program, directing all treasury liquidity fees to absorb selling pressure. According to a governance post on X, the community approved the plan overwhelmingly, with WLFI pledging full transparency for every burn. The urgency of the move reflects WLFI’s steep losses in recent weeks. WLFI is trading Friday at $0.19, down from its September 1 peak of $0.46, according to CoinMarketCap, a 58% drop in less than a month. Weekly losses stand at 12.85%, with a 15.45% decline for the month. This isn’t the project’s first attempt at intervention. Just days after launch, WLFI burned 47 million tokens on September 3 to counter a 31% sell-off, sending the supply to a verified burn address. For World Liberty Financial, the buyback-and-burn program represents both a damage-control measure and a test of community faith. While tokenomics adjustments can provide short-term relief, the project will need to convince investors that WLFI has staying power beyond interventions. WLFI Launches Buyback-and-Burn Plan, Linking Token Scarcity to Platform Growth According to the governance proposal, WLFI will use fees generated from its protocol-owned liquidity (POL) pools on Ethereum, BNB Chain, and Solana to repurchase tokens from the open market. Once bought back, the tokens will be sent to a burn address, permanently removing them from circulation.WLFI Proposal Source: WLFI The project stressed that this system ties supply reduction directly to platform growth. As trading activity rises, more liquidity fees are generated, fueling larger buybacks and burns. This seeks to create a feedback loop where adoption drives scarcity, and scarcity strengthens token value. Importantly, the plan applies only to WLFI’s protocol-controlled liquidity pools. Community and third-party liquidity pools remain unaffected, ensuring the mechanism doesn’t interfere with external ecosystem contributions. In its proposal, the WLFI team argued that the strategy aligns long-term holders with the project’s future by systematically reducing supply and discouraging short-term speculation. Each burn increases the relative stake of committed investors, reinforcing confidence in WLFI’s tokenomics. To bolster credibility, WLFI has pledged full transparency: every buyback and burn will be verifiable on-chain and reported to the community in real time. WLFI Joins Hyperliquid, Jupiter, and Sky as Buyback Craze Spills Into Wall Street WLFI’s decision to adopt a full buyback-and-burn strategy places it among the most ambitious tokenomic models in crypto. While partly a response to its sharp September price decline, the move also reflects a trend of DeFi protocols leveraging revenue streams to cut supply, align incentives, and strengthen token value. Hyperliquid illustrates the model at scale. Nearly all of its platform fees are funneled into automated $HYPE buybacks via its Assistance Fund, creating sustained demand. By mid-2025, more than 20 million tokens had been repurchased, with nearly 30 million held by Q3, worth over $1.5 billion. This consistency both increased scarcity and cemented Hyperliquid’s dominance in decentralized derivatives. Other protocols have adopted variations. Jupiter directs half its fees into $JUP repurchases, locking tokens for three years. Raydium earmarks 12% of fees for $RAY buybacks, already removing 71 million tokens, roughly a quarter of the circulating supply. Burn-based models push further, as seen with Sky, which has spent $75 million since February 2025 to permanently erase $SKY tokens, boosting scarcity and governance influence. But the buyback phenomenon isn’t limited to DeFi. Increasingly, listed companies with crypto treasuries are adopting aggressive repurchase programs, sometimes to offset losses as their digital assets decline. According to a report, at least seven firms, ranging from gaming to biotech, have turned to buybacks, often funded by debt, to prop up falling stock prices. One of the latest is Thumzup Media, a digital advertising company with a growing Web3 footprint. On Thursday, it launched a $10 million share repurchase plan, extending its capital return strategy through 2026, after completing a $1 million program that saw 212,432 shares bought at an average of $4.71. DeFi Development Corp, the first public company built around a Solana-based treasury strategy, also recently expanded its buyback program to $100 million, up from $1 million, making it one of the largest stock repurchase initiatives in the digital asset sector. Together, these cases show how buybacks, whether in tokenomics or equities, are emerging as a key mechanism for stabilizing value and signaling confidence, even as motivations and execution vary widely
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