Dogecoin experienced a dramatic downturn of 10%, plummeting to $0.17 after significant sell-offs by large holders amounting to $74 million. Despite this, merger talks between House of Doge and Brag House Holdings offer potential for revenue streams via Dogecoin-denominated services. However, market sentiment remains impacted by the decline in Bitcoin and Ethereum prices and the lack of clarity regarding regulatory developments. 10% drop in DOGE price is attributed to large sell-offs by major holders according to on-chain data. A combination of these factors has exacerbated market volatility for Dogecoin, creating uncertainty for investors. While there’s historical precedent suggesting potential rebounds, analysts caution that further declines below $0.15 are possible if the current support holds.