#CreatorPad DOGE drops by 4%: Market volatility caused by the Federal Reserve's interest rate hold!

After the Federal Reserve's decision to maintain the interest rate, the price of DOGE fell by 4% to $0.19. These adjustments reflect the strong impact of the Federal Reserve's policies on the market, especially in high beta assets (like DOGE and other meme coins), which have experienced volatility with the reevaluation of the macroeconomic environment, and a large inflow of funds from meme coins.

The relationship between the Federal Reserve's interest rate decision and the price of DOGE

The decision to keep interest rates unchanged by the Federal Reserve increased risk-averse sentiment in the market, prompting many to adjust their investment portfolios, especially towards high-volatility assets like DOGE, which directly led to capital outflows from DOGE.

Whale accumulation in the opposite direction during the dip despite falling prices, whales still show strong interest. Over the past 24 hours, whales have accumulated more than 310 million DOGE. Chart analyst Ali Martinez pointed out that this phenomenon indicates that large holders are confident in DOGE's future potential, especially with it being moved to cold wallets, showing positive long-term growth expectations.

Meme coin volatility and market impact

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