Of course this happened. It is nothing more than market manipulation. Now a lot of people is losing money because they missed the Doge train.
If the price will continue to drop, we will see some hype around it and pumping because of those that bought high.
There is an very true statement that every trader knows: Buy the rumors - sell the news!
I agree with you.
Buy the rumors - sell the news! is the best trading strategy, especially with significant news. Doge is a good coin but it is not good enough to have such price. Soon, people will sell it to take profit. Anyone who bought near the top will suffer the most