#Dogecoinnews Dogecoin (DOGE) has seen significant fluctuations in its value, particularly marked by a recent 6% drop in price within a single day, disrupting a bullish trend that had begun to form just days prior. This downturn comes as a surprise against the backdrop of widespread anticipation surrounding the potential impact of recent DOGE ETF (Exchange-Traded Fund) filings, which many traders hoped would draw considerable institutional investment.

The recent filings for DOGE-based ETFs had generated optimism in the crypto community, with many experts predicting that a successful ETF launch could attract significant capital into the market. However, the impact of these filings has yet to materialize as anticipated.

An unexpected factor that seemed to dampen enthusiasm was the removal of the Shiba Inu image from the newly launched Department Of Government Efficiency (D.O.G.E.) website. Although there are no official connections between this government department and Dogecoin, the initial excitement it generated quickly dissipated once the image was taken down, resulting in decreased trading volume and a corresponding drop in price.