What's going on with Dogecoin? It's not moving up and is getting increasingly 'split'.
In the past week, the performance of
#Dogecoin has been somewhat disappointing. As the recognized 'meme coin king', this recent market move seems to be lacking momentum. More critically, from a longer-term perspective, the price has dropped about 17% over the past 90 days, indicating a generally weak trend.
But more concerning than the price is the emerging 'split' within the market.
On one side, it's quiet: retail enthusiasm is clearly cooling.
Let's first look at the most straightforward signal: hype.
Both on-chain and off-chain data show that DOGE's social activity is clearly declining. Simply put, fewer people are discussing it on X (Twitter), forums, and search trends.