DOGE Holds Strong Amid 4.41% Drop as $35M Withdrawn and Trading Volume Nears $1B

Dogecoin (DOGE) experienced a 4.41% price decline over the past 24 hours, with the current price at $0.15589 on Binance. This drop is primarily attributed to a broader cryptocurrency market sell-off and a 20% decrease in meme coin market capitalization over the past month, despite DOGE showing technical resilience at the $0.17 support level. On-chain activity also saw $35 million worth of DOGE withdrawn from exchanges, suggesting potential accumulation by holders. Trading volume remains robust, with nearly $1 billion traded in the last 24 hours and a volume/market cap ratio above 4%, indicating sustained market interest despite recent price volatility.