DOGE Drops 7.93% Amid Market Shift, But Weekly Gains and $10M Treasury Boost Signal Strength

Dogecoin (DOGEUSDT) experienced a 7.93% price decline over the past 24 hours, currently trading at $0.24421 on Binance. The recent price correction is attributed to profit-taking following a prior rally, as well as broader market sentiment influenced by the early U.S. congressional recess, which may delay crypto-related legislation. Despite the pullback, Dogecoin remains up over 12% for the week, supported by increased trading activity and notable developments such as Bit Origin’s $10 million DOGE treasury allocation and ongoing technical upgrades like the proposed OP_CHECKZKP network enhancement. The 24-hour trading volume reached $4.54 billion, with a circulating supply of over 150 billion DOGE and a market capitalization of approximately $36.6 billion, ranking Dogecoin #8 among cryptocurrencies.