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.