DOGE Price Drops 3.48% Amid ETF Approval, $1M Unlocks, and Surging Trading Volumes

Dogecoin (DOGEUSDT) experienced a 3.48% price decline over the last 24 hours, trading at $0.13686 as of the latest Binance data. The decrease follows increased market volatility, with factors such as the breakout from a falling wedge pattern, heightened trading volume, and anticipation of daily token unlocks above $1 million contributing to market fluctuations. Additional recent developments include the approval of a spot Dogecoin ETF by 21Shares and changes in trading pairs announced by Binance, which have likely influenced investor sentiment and trading dynamics. Dogecoin maintains a market capitalization near $23 billion with approximately 168.29 billion tokens in circulation, and 24-hour trading volumes remain high, reflecting strong ongoing market interest.