Dogecoin has lost nearly all of its gains since President Donald Trump’s election victory, with its price now hovering just above $0.2095,

Most large cryptocurrencies were down during U.S. morning trading on Friday, with Dogecoin seeing the biggest move, tumbling 6.24% to 19 cents. Six additional currencies posted decreases Friday. Avalanche declined 5.

Dogecoin soared by 250% during 2024, beating most other major cryptocurrencies. The token was created as a joke in 2013, and it remains a vessel for speculation with very little fundamental value. Dogecoin's latest rally is already fizzling out,