DOGE Drops 7.96% Amid Market Volatility, But $1.5B Inflows Signal Strong Whale Interest

Dogecoin (DOGEUSDT) experienced a 7.96% price decline over the past 24 hours, trading at $0.19141 as of the latest Binance data. This drop is attributed to ongoing volatility in the broader cryptocurrency market, with recent market-wide corrections and cautious sentiment following a sudden price meltdown impacting DOGE as well. Despite this short-term downturn, significant whale accumulation and institutional futures inflows totaling about $1.5 billion have been observed, indicating continued interest from large holders. Over the past week, Dogecoin has outperformed the broader crypto market with a 13.78% gain, supported by robust 24-hour trading volumes between $2.28 billion and $6.79 billion and a market capitalization of approximately $28.77 billion. Traders are monitoring key resistance levels and technical patterns, with mixed outlooks on short-term price direction.