DOGE Drops 6.6% Amid High Volume as Solana Integration and ETF Proposal Drive Market Buzz

Dogecoin (DOGE) is currently trading at $0.22857 on Binance, reflecting a 6.61% decline over the past 24 hours with high trading volume and a live market cap of approximately $34.24 billion, indicating continued strong market participation. The recent price decrease follows a period of positive momentum fueled by broader market uptrends, renewed institutional interest, and increased social media activity, but was likely tempered by short-term profit-taking after recent gains and overall market volatility. Notable developments include Dogecoin’s integration with the Solana blockchain via Wormhole for cross-chain transfers and the SEC’s public consultation on a proposed DOGE ETF, both of which have contributed to heightened community engagement and institutional attention, though immediate price action appears more influenced by technical factors and broader market movements.