Dogecoin has lost nearly 11% in the past 24 hours, reaching $0.17—its lowest level since November. Over the past month, it has declined by 30%. The drop comes as the market pulls back following Donald Trump’s announcement of a U.S. crypto reserve.

Bitcoin has fallen nearly 6% to $80,000. Ethereum has dropped by the same percentage, XRP has lost 7%, and Cardano has declined by 8% to $0.744. Solana, which was also mentioned by Trump, has fallen by 3% to $133.

The market reacted to Trump’s order to establish a strategic Bitcoin reserve. The U.S. Treasury will hold Bitcoin seized from criminal and civil cases and may also acquire more on the open market. Initially, the announcement boosted prices, but it later created uncertainty.

Meme coins were hit the hardest. Dogecoin was among the biggest losers, while the TRUMP token on Solana, linked to the former president, also fell sharply. LIBRA, the cryptocurrency promoted by Argentine leader Javier Milei, also dropped.

According to CoinGlass, $276 million in crypto positions, mostly long positions, were liquidated in the past 24 hours. The market remains under pressure amid uncertainty over the new U.S. crypto policy.