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Dogecoin dips below key averages as Binance founder calls it a 'successful joke'

Market News
17 Oct 2026
Tokenpost
View Source
Bearish
Dogecoin dips below key averages as Binance founder calls it a 'successful joke'

Dogecoin (DOGE) traded at around $0.08010 on October 17, falling below its 50-day and 200-day moving averages, signaling weak price momentum. This drop followed a social media post reviving a quote attributed to Binance founder Changpeng Zhao, who described Dogecoin as "probably the most successful and measurable joke in human history." Despite its meme origins and significant market cap, this characterization highlights ongoing skepticism about DOGE's long-term value. Investors should watch how sentiment and technical signals evolve next.

Dogecoin is trading at Rp1.441 on Pluang as of Oct 17, 2026 18:01 WIB, down 1.97% in the last day. Despite the article highlighting skepticism from Binance's founder, Pluang data shows strong buying interest with 89% of order activity on the buy side and a typical hold time of 110 days. The market cap stands at Rp226,32 trillion, indicating sustained investor engagement even as price momentum weakens.

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