Dogecoin falls to $0.13 yearly low, ETF inflow stagnation sparks market concerns

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[Crypto World] Dogecoin recently dropped to a new low for the year, around $0.13, which is pretty rough. On-chain data is actually quite active, and Grayscale and Bitwise’s spot ETFs have launched, but the price still keeps falling.

Speaking of ETFs, capital inflows have basically stalled. GDOG and BWOW, these two products, have seen daily net inflows of $0, and together they only manage just over $6.92 million. In comparison, Solana and XRP ETFs both have over $880 million in assets under management, which is a huge gap.

After the drop, there was a small rebound of about 11%, probably some people bottom-fishing. But buyers couldn’t hold key levels, and the overall market remains weak with obvious lack of confidence. In the short term, whether Dogecoin can stabilize depends on if it can hold this round of support.

DOGE2.66%
SOL3.89%
XRP2.25%
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HashBanditvip
· 21h ago
ngl doge's getting absolutely rekt rn... 0.13 and the etf inflows are literally flatlined at zero? back in my mining days we'd never see this kind of capitulation with actual on-chain activity, smh. 692m aum vs solana's 880m is just... embarrassing tbh
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SneakyFlashloanvip
· 21h ago
It can't even drop below 0.13 anymore. People must really look down on Dogecoin.
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TokenStormvip
· 21h ago
On-chain data is just hype; this is a typical case of "a lot of noise and buzz but no real buyers." What does ETF net inflow of 0 mean? The market has already voted. An 11% rebound is just a drop in the bucket. If it can't hold the support level, it will keep hitting new lows. The risk factor of this wave is obviously off the charts.
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DegenDreamervip
· 21h ago
The difference in ETF sizes is outrageous. Solana has $880 million, while Dogecoin has just over $7 million?
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rugged_againvip
· 21h ago
Doge is still the same, there's barely any activity on the chain, it's the price that matters.
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