Meme tokens are ending the year lower as investors shift to a more defensive stance for the New Year. Dogecoin is down 5% in the past 24 hours and on track to finish nearly 63% lower than the start of 2025. The market for cryptocurrencies has been lackluster, with Dogecoin’s price driven by hype and celebrity endorsements.

Investors may be selling meme tokens due to the risks associated with holding speculative assets. Dogecoin’s price movements are driven by hype and celebrity endorsements, with 90% of the supply controlled by a few wallets. This concentration could lead to a brutal sell-off if large investors decide to sell their stakes en masse.

The Motley Fool Stock Advisor team didn’t choose Dogecoin in their top 10 stock picks. Their past recommendations have seen significant returns, outperforming the S&P 500. Dogecoin’s downward momentum may make retail investors think twice about adding it to their portfolio. Consider other stocks for potential gains in the coming years.

Overall, the market for meme tokens like Dogecoin is facing downward pressure as investors reposition for the New Year. The concentration of supply and speculative nature of these assets could lead to further sell-offs in 2026. Retail investors should carefully consider their investment choices in light of these trends.

Read more at Yahoo Finance: Why Dogecoin Dropped Another 5% Today