DOGE Price Slides 3.92% as Nasdaq ETF Launch Spurs Whale Moves and $1.29B Trading Volume

Dogecoin (DOGEUSDT) has seen a 3.92% price decline over the past 24 hours, currently trading at 0.11936 USDT on Binance. The recent launch of the Dogecoin spot ETF on Nasdaq (TDOG), combined with heightened on-chain activity—including a 134% increase in transfers from exchanges to private wallets and substantial whale movements—has generated notable market interest and volatility. Despite these developments and strong trading volumes (24h volume ranging up to $1.29 billion), the price faced downward pressure, likely due to profit-taking after major transactions and ongoing market consolidation. Dogecoin maintains a robust market capitalization near $20 billion, remaining a prominent asset despite short-term price softness and recent high liquidity flows.