Zinger Key Points
- Crypto trader Unipcs believes D.O.G.E is still poised for strength, despite the TRUMP meme coin dominating liquidity.
- However, he maintains his optimistic outlook for D.O.G.E based on strong narrative, community and growing on-chain holders.
- Get the Real Story Behind Every Major Earnings Report
The D.O.G.E. meme coin, named after the Department of Government Efficiency, is down 30% in a month, but traders still see a possibility for the meme coin to bounce back.
What Happened: Prominent trader Unipcs noted on X on Friday that D.O.G.E> did not perform as expected due to the launch of Trump TRUMP/USD, which pulled liquidity from the broader meme coin market—including Dogecoin DOGE/USD itself.
Before TRUMP's debut, both Doge-related meme coins appeared primed for new highs, but liquidity rotation and "sell-the-news" sentiment led to a major drawdown.
Over the past month, D.O.G.E> has dropped 30%, while Dogecoin remains up 4%.
The trader argues that unlike most election-based meme coins, D.O.G.E. has a strong, lasting narrative that should continue gaining traction throughout Trump's administration.
Elon Musk's ongoing meme involvement further adds to its credibility and potential longevity.
| Cryptocurrency | Price | Market Cap | 24-Hour Trend | 1-Month Trend |
| Department of Government Efficiency | $0.06884 | $67.4 million | +21.9% | -30.7% |
| Dogecoin | $0.3339 | $49.4 billion | +0.9% | +5.2% |
| TRUMP | $26.25 | $5.2 billion | -2.9% | +304.6% |
He also highlighted potentially bullish factors , such as on-chain metrics, with over 4,200 new holders in the past week across Ethereum and Solana, record-breaking volume during the sell-off and a strong, committed community and team.
While short-term price action has been weak, the underlying fundamentals remain intact, Unipcs argues.
Also Read: If You Invested $10 In TRUMP Meme Coin When It Launched, Here’s How Much You Could Have Made
What's Next: Since launching in mid-January, the TRUMP meme coin has skyrocketed to a $5.2 billion market cap with $1.88 billion in 24-hour trading volume, quickly cementing itself alongside DOGE, Shiba Inu and Pepe.
Read Next:
Image: Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
