DOGE Drops 3.42% as ETF Amendment and Perpetual Futures Fuel $981M Trading Surge

Dogecoin (DOGEUSDT) experienced a 3.42% price decline over the past 24 hours, with the current price at $0.12788 and a 24-hour open of $0.13241 on Binance. The drop is primarily attributed to recent volatility, failed price rebounds, and ongoing bearish sentiment from analysts warning of downside risk, despite substantial futures trading volume and persistent social interest. News of the sixth amendment filing for a Dogecoin ETF and Coinbase launching regulated perpetual futures for Dogecoin have increased market activity, but the price remains consolidated below key resistance levels. In the last 24 hours, Dogecoin recorded trading volumes between $815 million and $981 million and reached a high of $0.13521 and a low of $0.12789, while its market capitalization stands around $21.73 billion with over 168 billion DOGE in circulation.