It's all thanks to Old Ma holding it up

Why did $DOGE drop so much?
The reason is actually quite simple:
1. As a pure Meme, its market value has long been severely overestimated.
There is no narrative, no application, no cash flow,
what supports it is only emotion, and when the emotion fades, it will fall apart.
2. As a payment currency, it has already been "disproved" by legislation on stablecoins.
With the backing of the dollar stablecoin through legislation,
the future of cross-border payments and compliant payments belongs to the dollar stablecoin system,
and not the highly volatile Dogecoin.
The two major narratives of $DOGE ——
"Meme value" & "payment currency"——
one cannot hold, and the other has been replaced.
A significant drop is very normal; essentially, it is a valuation returning to reality
{future}(DOGEUSDT)