On August 18, 2025, the Qubic blockchain project announced plans to target Dogecoin (DOGE) for a possible 51% attack, as the community voted against targeting other cryptocurrencies like Zcash and Kaspa. This decision comes as Bitcoin's value dipped below $116,000, following a previous record high due to unexpected U.S. producer price inflation data. DOGE experienced a decline of over 4%, trading at approximately 22 cents. The anticipated attack raises questions about blockchain resilience. Additionally, DOGE's cumulative volume delta (CVD) dropped nearly 1%, indicating a greater selling pressure compared to buying pressure, which typically suggests a bearish market sentiment. The decline in Bitcoin's value has also resulted in significant liquidations across the crypto markets, underlining vulnerabilities from rising leverage. Analysts predict the Federal Reserve might cut rates later, which could potentially stabilize the market further in the coming months.

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