DOGE Token Slides 3.3% as Top Holders Sell 3 Billion DOGE Amid Market Volatility

Dogecoin (DOGEUSDT) experienced a 3.30% price decrease over the past 24 hours, currently trading at $0.17018 on Binance. The decline is primarily attributed to significant selling activity from top holders, with over 3 billion DOGE sold in the past month, and continued bearish sentiment following a recent 8.44% drop below key support levels. Additional factors include a reduction in futures Open Interest, indicating a more cautious approach among traders, and ongoing market volatility. Despite short-term pressure, Dogecoin remains among the top ten cryptocurrencies by market capitalization, with a 24-hour trading volume of approximately $2.08 billion and a circulating supply exceeding 151 billion DOGE.