DOGE Drops 4.48% Amid CPI Report, ETF Delay and Meme Coin Correction; $1.8B Open Interest Signals Volatility

Dogecoin (DOGEUSDT) is currently trading at 0.17707, reflecting a 4.48% decline over the past 24 hours from a 24h open of 0.18537 on Binance. The price drop is primarily attributed to a broader cryptocurrency market pullback following the release of the U.S. CPI inflation report on June 12, which triggered declines across major assets including Bitcoin and Ethereum. Additional factors include the U.S. SEC’s delay of the Bitwise Dogecoin ETF decision, contributing to market uncertainty, and a general meme coin correction that pushed DOGE below the $0.20 mark, with the $0.17 support level now being closely watched by traders. Despite the negative price movement, open interest in DOGE derivatives has surged above $1.8 billion, indicating heightened trader activity and potential for increased volatility. Dogecoin’s integration with Coinbase’s Base network and ongoing speculation about a future ETF continue to generate interest, but the asset remains volatile as it consolidates near key technical support levels.