DOGE Slides 3.7% After 38% Rally: Institutional Buys and ETF Speculation Fuel Ongoing Volatility

Dogecoin (DOGEUSDT) is currently trading at 0.26590, reflecting a 3.72% decrease over the past 24 hours from a 24h open of 0.27616, according to Binance data. The recent price decline follows a period of heightened volatility and strong trading volume, with the 24-hour volume reported between $5.68 billion and $5.91 billion. The pullback appears to be a consolidation after last week’s significant 38% rally, which was driven by increased institutional interest, including Bit Origin’s $10 million DOGE acquisition as part of a larger $500 million treasury plan, and broader speculation about potential ETF developments. Despite the short-term dip, derivatives data shows rising open interest, suggesting continued investor engagement and the potential for further price movement if key support levels hold. Dogecoin remains the ninth-largest cryptocurrency by market capitalization, with a circulating supply of approximately 150 billion DOGE.