Meme token Dogecoin (DOGE) has recently experienced an extended sell-off in line with the general crypto market. The correction was extended early this week after Elon Musk announced that he would step down as the CEO of Twitter once he finds an ideal replacement.

Dogecoin is among one of the worst performers over the last 24-hours after Elon Musk confirmed he will resigned from the role of Twitter CEO.

After the digital asset market took a bearish look as a result of the recent hike in interest rates, Dogecoin (DOGE) took further steps back following a controversial Twitter poll.

The largest Dogecoin whale DPDLBAe3RGQ2GiPxDzhgjcmpZCZD8cSBgZ transferred over 3.8 billion DOGE tokens to the wallet address DDuXGMFNGpGjaAqyDunSMvceMBruc1wwKF. The wallet address “DDuXGM” has now become the 5th largest DOGE holder. Is Elon Musk moving DOGE or Robinhood moving DOGE amid the market uncertainty.

The price of Dogecoin dropped more than 10% today and is currently trading at $0.07 following Elon Musk's latest Twitter Poll asking if he should step down as the head of the social media platform.

The Twitter poll posted by Elon Musk on Sunday evening has ended with the final results showing 57.6% of voters in favor of Musk resigning from his position. Musk stated that he would “abide by the results of this poll” and thus, onlookers are awaiting his next announcement.

Dogecoin (DOGE) has seen some of the worst declines in the last week. The meme coin is already down double-digits during this time and is also recording losses on the daily charts. While this is not out of the ordinary given the current crypto market trend, the digital asset has been pulled below important critical levels, which would imply more declines.

Dogecoin was trading close to a three-week low on Thursday, following the release of retail sales figures in the United States. Customer spending fell by more than expected in November, dropping by 0.6% last month. Litecoin slipped for a second successive session, falling to its lowest point since late November.

The last 24 hours have seen Dogecoin <a href="https://coinmarketcap.com/currencies/dogecoin/" rel="nofollow">establish</a> some much-needed momentum in the market. It saw an increase in its price in the early hours of Tuesday, which pushed the digital asset right above the $0.099 price level. DOGE has now continued to trend along this line for the better part of the morning, although the increased momentum shows that it may be able to maintain it for much longer.

Dogecoin (<a href="https://finbold.com/cryptocurrency/dogecoin/">DOGE</a>) is among the <a href="https://finbold.com/cryptocurrencies">cryptocurrencies</a> that turned several investors into millionaires following the asset’s rise in value and popularity in 2021. Notably, the asset’s 2022 performance has failed to emulate the gains recorded in 2021, in return affecting the number of millionaire holders.&nbsp;

The crypto industry's largest "meme coin" by market capitalization, Dogecoin, has plummeted over 9% overnight.

A recent <a href="https://cryptomaniaks.com/" target="_blank">study by CryptoManiaks</a>, a crypto education platform, shows that Turkey and the Netherlands ranked top in cryptocurrency awareness. As per the survey, 5.5% and 8.2% of the population in Turkey and the Netherlands searched for crypto-related terms. Turkey accounted for 4.7 million searches, topping the chart with large numbers.

To meet users’ demand, OKX crypto exchange enabled the flexible staking feature for five top digital assets including XRP, Shiba Inu (SHIB), and Dogecoin (DOGE).

The&nbsp;crypto market slump&nbsp;doesn’t mean interest in crypto is also down. A new study from the cryptocurrency education platform CryptoManiaks revealed that many countries are still scouring the internet, hungry for crypto-related information.

Dogecoin fan Elon Musk has lost his title as the world’s richest person to French fashion mogul Bernard Arnault. At this time, they are each worth $185.4 billion and $185.3 billion, respectively. With a net worth of $134.8 billion, Indian coal tycoon Gautam Adani comes in third. The net worth of Jeff Bezos, the founder of Amazon, is $115 billion. With a net worth of $107 billion, Warren Buffett, the CEO of Berkshire Hathaway and one of the harshest critics of cryptocurrencies, is also among the top five richest people in the world. (coingape)

Dogecoin fell to a ten-day low on Dec. 7, as the meme coin extended a recent decline, falling for a third consecutive session. Overall, cryptocurrency markets have been mostly bearish in today’s session, and are down 1.07% as of writing. Chainlink was another notable token to fall, and is currently trading by as much as 5% lower.

The cryptocurrency community believes that Elon Musk is planning to launch a new cryptoasset, which they call Twitter Coin and which many associate with Dogecoin.

Interestingly, Dogecoin is enjoying a spike in terms of social dominance as Elon Musk, the new CEO Twitter and self-proclaimed “The Dogefather,” once again made a move that concerns the dog-themed asset.

The Community Looked Back at DOGE’s Growth After Its Launch 9 Years Ago Today.

Social media users are swirling around rumours that Twitter is looking at introducing its own native asset called “Twitter Coin” to be used for payments and tipping on the platform. On Dec. 4, he posted a screenshot of what appears to be a prototype Twitter interface showing a “Coins” option for tipping, along with a vector image showing a coin bearing Twitter’s logo. (Cointelegraph)