This week, Dogecoin dropped to an annual low of $0.13, failing to sustain the momentum brought by the new ETFs from Grayscale and Bitwise in November. Even though 21Shares updated the #DOGE spot application for #etf , the price continued to decline, resulting in a small loss of about 1.7% for holders this week.

Although the number of active addresses on the chain reached a new high, some investors bought the dip, but institutional selling pressure remains heavy. DOGE trading volume surged, with single-day sales exceeding 14.4 million coins, and the price is still under pressure in the short term. Even with continuous ETF applications, market sentiment and capital inflows have not yet formed significant support. #美联储重启降息步伐