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Dogecoin director says utility, not price, is key amid market drop

Market News
10 Jun 2026
UToday
View Source
Neutral
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Dogecoin Foundation Director Timothy Stebbing emphasized that the true value of Dogecoin lies in its utility rather than its price fluctuations. Despite recent market drops and criticism over Dogecoin's stagnant price, Stebbing highlighted that Dogecoin is meant for spending, not just holding, and long-term success depends on increasing its practical use cases. He also clarified that project updates aim to attract users and build utility, not to pump prices. Meanwhile, Dogecoin's price fell 1.76% in 24 hours, continuing a weekly decline amid broader market weakness and economic uncertainty.

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