Dennis Diatel Photography\/iStock Editorial via Getty Images<\/p>\n<\/figcaption><\/figure>\n<\/p>\n Dogecoin (DOGE-USD<\/a>), the most popular meme coin, slipped 7%<\/span> in Friday afternoon trading as bitcoin (BTC-USD<\/a>) and other major cryptocurrencies resumed their huge weekly decline, triggered by a wild week of events leading up to formerly-prominent crypto exchange FTX filing for <\/span>Chapter 11 bankruptcy<\/a>.<\/span><\/p>\n The slump seen in doge (DOGE-USD<\/a>) was marginal, falling less than one cent to $0.08 at around 5:00 p.m. ET. In a similar downward spiral seen among crypto names amid a broader downturn in the emerging space, doge dropped 34%<\/span> in the past five sessions and -52%<\/span> year-to-date. By comparison, bitcoin (BTC-USD<\/a>) dipped 6%<\/span> to $16.74K, bringing its weekly losses to 21.1%<\/span> and -65%<\/span> YTD. <\/p>\n Nevertheless, doge (DOGE-USD<\/a>) was actually elevated by some 40%<\/span> M\/M in the wake of Elon Musk’s Twitter (<\/a>TWTR<\/a>) takeover, in a move that provides “concrete evidence that Musk could be planning to use Dogecoin in the Twitter ecosystem,” said Seeking Alpha contributor The Digital Trend<\/a>.<\/p>\n That would come as Musk has posted tweets about doge (DOGE-USD<\/a>) countless times whereby those tweets usually fueled the direction of doge’s price.<\/p>\n Earlier, bitcoin, other cryptos resume decline after FTX files for Chapter 11<\/a>.<\/p>\n<\/div>\n![\"Dogecoin](\"https:\/\/static.seekingalpha.com\/cdn\/s3\/uploads\/getty_images\/1351825546\/image_1351825546.jpg?io=getty-c-w750\")