Elon’s 2021 Dogecoin Mother’s Day Gift: A $10M Meme Now Worth Pennies?

When Elon Musk tweeted ’Dogecoin is the people’s crypto’ ahead of Mother’s Day 2021, the joke currency skyrocketed—along with the hopes of retail traders. Four years later, we crunched the numbers.

The Pump and the Plunge

Back then, a single DOGE token traded at $0.50 after Musk’s endorsement. Fast forward to 2025: Dogecoin’s value has cratered 92%, mirroring the trajectory of most ’utility-free’ altcoins. That bouquet of digital tulips? Wilting harder than your portfolio after a leverage wipeout.

A Cynical Footnote

Finance traditionalists will smirk—proving once again that viral hype cycles burn hotter (and die faster) than any fundamental analysis. Meme coins giveth, and meme coins taketh away.

Dogecoin’s Price Over The Years

Dogecoin has emerged as a top performer over the past couple of days. The meme coin has recorded a massive 40% uptick during the last week. At the time of writing, Doge was trading at $0.2435, following a 4.65% increase over the past 24 hours.

The meme coin has sadly witnessed a massive drop over the years. DOGE was trading at a high of $0.6878 on Mother’s Day back in 2021. But during the recent Mother’s Day, DOGE was priced at a meager $0.2425. This accounts for a drop of about 64% during a period of four years. Despite the asset’s importance and relevance in the market, it has failed to keep up in terms of price. The community is hoping to see DOGE reclaim its peak sooner than later.