DOGE Token Drops 4.21% Amid SEC ETF Delay and Market Uncertainty, Market Cap Holds at $23.9B

Dogecoin (DOGEUSDT) experienced a notable price decline of 4.21% over the last 24 hours, with the current price at $0.15848 on Binance, down from a 24-hour open of $0.16544. The recent price drop is primarily attributed to the broader market downturn and increased uncertainty following the SEC’s delay in deciding on the 21Shares spot Dogecoin ETF, as well as ongoing speculation around potential ETF approvals. Despite active trading and substantial 24-hour volume, Dogecoin continues to underperform the wider cryptocurrency market, with its market capitalization remaining strong at approximately $23.9 billion and a circulating supply near 149.91 billion DOGE.