DOGE Token Sees 2% Dip Amid ETF Speculation and High Whale Activity as Market Consolidates

Dogecoin (DOGEUSDT) is trading at $0.16550, reflecting a 2.17% decline over the past 24 hours according to Binance data. This short-term price decrease follows a period of heightened speculation regarding a potential spot DOGE ETF and increased whale accumulation, but no major protocol updates or new partnerships have been reported recently. Despite positive technical signals such as a double bottom pattern and a weakening downtrend, the lack of immediate catalysts and recent profit-taking after last week's gains have contributed to the current pullback. Market activity remains elevated, with 24-hour trading volume between $892 million and $1.1 billion and Dogecoin maintaining a market capitalization near $25 billion. Overall, Dogecoin shows renewed short-term volatility amid ongoing institutional interest and ETF speculation, but recent price action suggests consolidation as the market digests earlier bullish momentum.