Dogecoin experienced a dramatic 50% flash crash late Friday, plummeting from $0.22 to $0.11 within minutes before stabilizing in the $0.19-$0.20 range. The sudden collapse occurred amid heightened market volatility following Trump administration tariff announcements.
Key Market Developments:
• DOGE flash crash: $0.22 to $0.11 (-50%) at 21:00 UTC October 10
• Rapid recovery to $0.19-$0.20 support zone
• Trading volume surged to 4.6 billion tokens vs 1.5 billion daily average
• Institutional accumulation observed with $23M+ exchange outflows
• 21Shares launched first regulated DOGE ETF (TDOG)
• Technical indicators show oversold conditions and potential mean reversion
Market analysts attribute the volatility to leveraged liquidations and automated trading system failures rather than fundamental weakness. Whale accumulation near $0.19 and new ETF products provide potential support levels for DOGE price stabilization.