Crypto Engineer AJK

DOGE Drops 8% to $0.21 — Signs of Institutional Buying Emerge
August 1, 2025
Dogecoin (DOGE) experienced an 8% drop between July 31 and August 1, falling from $0.22 to $0.21.
This was one of the steepest daily declines for the month. Price volatility remained within a wide range of $0.20 to $0.23. DOGE faced strong resistance at the $0.23 level, eventually dropping to near $0.20 by the session’s close.
Trading volume surged, especially in the final hours of the night. At midnight alone, 1.25 billion DOGE were traded — far above the 24-hour average of 365 million — indicating intensified liquidation activity and a wave of sell orders.

Interestingly, institutional investors accumulated 310 million DOGE during this drop, suggesting active buying despite weakness.
Additionally, Bit Origin added 40 million DOGE to its treasury as part of a $500 million corporate diversification initiative.
Overall, crypto markets are under pressure due to macroeconomic uncertainty, inflation concerns, and unclear interest rate trends — all of which are impacting investor sentiment in the short term.
Analyzing price movement, DOGE tested the $0.23 level between 9:00 and 10:00 AM on July 31 but failed to maintain support. A sharp sell-off later in the day pushed prices down further, with the steepest drop occurring after midnight.
DOGE touched a low of $0.20, found brief stability, and settled near $0.21 — showing signs of short-term support. The next session showed a slight rebound, suggesting easing selling pressure and a hint of market consolidation.
Traders are watching closely to see if DOGE can hold the support range between $0.20 and $0.21 and whether institutional buyers will continue increasing their holdings.
Additionally, U.S. inflation data and developments in Asian markets may influence broader crypto trends. Bit Origin’s inclusion of DOGE in its strategy could also boost future demand and price performance.