The original meme coin, Dogecoin, has seen a decrease in open interest, which refers to the collective value of futures contracts that have not been settled. The open interest now stands at nearly $3.8 billion, down from a record high of $5.5 billion in January. The price of Dogecoin has also dropped, currently standing at just over $0.32 per coin after a 24-hour dip of nearly 4%. Over the past week, Dogecoin has experienced a price decrease of around 16%, making it the second-biggest loser among the top 20 coins and tokens. The decline in crypto markets, including Dogecoin, can be attributed to the sell-off of tech stocks and the impact of Chinese AI model DeepSeek on the Nasdaq. Other meme tokens such as TRUMP and Bonk have also dropped in value, emphasizing the volatility and swift changes in the meme coin market.



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