Dogecoin drops 10%: What’s behind the sudden decline?

Dogecoin (DOGE), one of the most popular meme-based cryptocurrencies, witnessed a significant decline today, dropping over 10% amid a broader downturn in the cryptocurrency market. As of 12:42 PM IST, Dogecoin was trading 10.8% lower at $0.342, down from its previous day’s close.

The broader…