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The price of Dogecoin (DOGE-0.32%) is sinking on Friday. The meme coin saw its value decline 5.3% in the last 24 hours as of 11:58 p.m. ET, but was down as much as 15.3% in that time frame.

Still, as of June 2, the prices of the meme tokens Dogecoin (DOGE 0.88%) and Shiba Inu (SHIB 1.38%) have declined 39% and 38% this year, respectively.