DOGE Price Drops 5.63% Amid ETF Speculation, Large Wallet Moves, and Infrastructure Expansion

Dogecoin (DOGEUSDT) experienced a 5.63% price decline in the last 24 hours, currently trading at 0.21115 USDT on Binance. The downturn is attributed to bearish technical signals, including a break near a critical support level and negative on-chain indicators such as reduced open interest and investor pullback. Large wallet transfers and anticipation of a spot Dogecoin ETF filing by Grayscale have added volatility, while news of Thumzup's acquisition of Dogehash signals ongoing infrastructure interest. The 24-hour trading volume stands at approximately $2.9 billion USD, with a market capitalization of $31.9 billion USD, reflecting decreased market activity and a 4% drop over the past week despite strong annual gains.