DOGE Drops 4.42% After $270M Inflows and 40.5M Accumulation Amid Surging Volatility

Dogecoin (DOGEUSDT) experienced a 4.42% price decline over the past 24 hours, with the current price at $0.26366 on Binance. The recent downturn follows a period of heightened volatility and significant institutional inflows, including over $270 million in the past 48 hours and accumulation by large holders such as Bit Origin Ltd, which acquired more than 40.5 million DOGE. Despite a strong 37.58% rally over the past week and bullish sentiment driven by optimistic analyst forecasts and technical patterns, on-chain indicators now suggest the market may be entering overbought territory, contributing to the recent pullback. Trading volume remains elevated, with 24-hour figures ranging from $6.04 billion to $20 billion and a market capitalization between $38 billion and $41.36 billion, reflecting sustained high activity and interest in Dogecoin.