DOGE Price Slides 3.24% Amid 500 Million Token Move, High Volume Signals Market Shift

Dogecoin (DOGEUSDT) experienced a 3.24% price decrease over the past 24 hours, with the current price at 0.12911 USDT on Binance. The recent decline is primarily attributed to broader weakness in the meme coin sector, a significant transfer of 500 million DOGE to exchanges, and the unwinding of leveraged long positions, as evidenced by a large 10x long position being opened and subsequent stop-loss triggers. Increased trading volume during the price drop suggests heightened trader activity and market positioning shifts. Dogecoin maintains strong community engagement and institutional interest, supported by new ETF listings and potential regulatory clarity, while trading volume remains robust at over $1.8 billion and market capitalization exceeds $21 billion.