DOGE Price Dips 3.11% Amid ETF Buzz, Treasury Moves, and Surge in Billion-Token Holders

Dogecoin (DOGE) has experienced a 3.11% price decrease over the past 24 hours, with the DOGEUSDT pair currently trading at 0.19863 on Binance after opening at 0.20500. The recent price decline follows a period of renewed interest driven by several factors: Bit Origin's addition of DOGE to its treasury, ongoing discussions about a potential DOGE ETF, and a notable increase in large holders, with addresses holding over 1 billion DOGE rising from 87 to 112 and now controlling 41% of the circulating supply. Despite these bullish developments and a rebound attempt that saw DOGE test the $0.21 resistance level, the market has faced selling pressure, particularly after a 35% decline in late July and early August. Technical indicators such as the Relative Strength Index and moving averages suggest mixed momentum, while futures open interest above $3 billion indicates continued trader engagement. In the last 24 hours, Dogecoin's trading volume ranged from $1.68 billion to $2.13 billion, with a market capitalization near $29.77 billion and a circulating supply of approximately 150.39 billion DOGE. The price movement reflects a balance between renewed optimism from institutional activity and ETF speculation, and caution following recent volatility and resistance at key technical levels.