DOGE Token Drops 4.7% as Trading Volume Plunges 38% Amid ETF Speculation and Market Slowdown

Dogecoin (DOGEUSDT) is trading at $0.16466 on Binance, reflecting a 4.72% decrease over the past 24 hours from an opening price of $0.17282. The recent price decline can be attributed to a significant drop in trading volume—down by as much as 38%—and a slowdown in network activity, with fewer active addresses and transactions reported. Despite positive sentiment fueled by ongoing speculation about a potential Dogecoin ETF and continued interest from derivatives traders and large holders, technical resistance near the $0.19–$0.20 range and declining market activity have contributed to the downward price movement. As of July 4, 2025, Dogecoin maintains a market capitalization of approximately $25 billion, with a 24-hour trading volume of about $1.15 billion and a circulating supply near 150 billion DOGE.