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!
Many traders know this, it always pays to be an early bird on rumors, because you are going to be the first to sell the news when the rumors are confirmed, there's always a tricky part when buying rumors and selling the news especially in the case of Dogecoin, where you know that it's not going to be long term and the hype will eventually die down, you should know when it's time to get out.
Correct, it is still not too late to get out, I'm sure this year we will see Dogecoin dropping a lot, back to its normal prices because people will realize in the end it's too much hassle.