DOGE Price Drops 2.99% Amid ETF News, Derivatives Surge, and Security Concerns

Dogecoin (DOGEUSDT) experienced a 2.99% price decline over the past 24 hours, currently trading at 0.22598 USDT on Binance. The price drop is primarily attributed to heightened market volatility following Grayscale's S-1 registration for a proposed Dogecoin ETF and increased derivatives activity, alongside concerns over a reported 51% attack threat from the Qubic project. Despite strong long positions and rising options volume, security risks have contributed to cautious sentiment. Dogecoin remains the 8th largest cryptocurrency, with a 24-hour trading volume of 1.21 billion DOGE (approximately 283.34 million USDT) and a market capitalization near $35 billion.