Dogecoin Drops 7% After Brief Rally Amid Rising Hopes of a DOGE ETF
- News In 4 Seconds
Shaurya Malwa
- 0
- 27 minutes read
BTC
$107,937.47
–
1.36%
ETH
$2,769.68
–
0.80%
USDT
$1.0000
+
0.02%
XRP
$2.2520
–
1.81%
BNB
$667.96
–
0.35%
SOL
$159.46
–
4.33%
USDC
$0.9997
+
0.01%
DOGE
$0.1910
–
5.69%
TRX
$0.2743
–
5.56%
ADA
$0.6932
–
4.21%
HYPE
$41.87
–
1.67%
SUI
$3.3505
–
4.56%
LINK
$14.54
–
5.61%
AVAX
$21.17
–
5.44%
XLM
$0.2773
–
1.79%
BCH
$431.52
–
2.88%
LEO
$8.8514
–
1.38%
TON
$3.2180
–
1.39%
SHIB
$0.0₄1283
–
4.33%
HBAR
$0.1696
–
5.88%
By Shaurya Malwa, CD Analytics|Edited by Parikshit Mishra
Jun 12, 2025, 6:58 a.m.
- Dogecoin’s price fluctuated sharply, initially rising to 20 cents before dropping to 19.1 cents within a 6.63% range.
- Speculation about a potential DOGE ETF has increased, with a 51% chance of SEC approval by 2025, which could potentially attract institutional investment.
- Dogecoin’s integration with Coinbase’s Base network is enhancing its functionality by introducing wrapped DOGE into DeFi ecosystems.
Dogecoin
experienced sharp swings over the past 24 hours, initially surging to 20 cents before falling to 19.1 cents, representing a 6.63% range.
The meme coin formed a V-shaped recovery pattern late in the session, climbing back to $0.192 with rising volume, though resistance remains firm around just above 20 cents.
STORY CONTINUES BELOW
- Dogecoin’s latest price action comes amid renewed interest in meme tokens following a series of crypto market shake-ups.
- Speculation around a possible DOGE ETF has gained traction, with Polymarket data indicating a 51% chance of SEC approval in 2025 — a development that could inject institutional capital into the market.
- Meanwhile, Dogecoin’s integration with Coinbase’s Base network is adding functional value, introducing wrapped DOGE into DeFi ecosystems for the first time on a large scale.
- The meme coin’s ability to draw high-volume support near key levels suggests that institutional buyers may be quietly building positions, even as retail traders remain cautious.
• DOGE surged from $0.196 to $0.204 (4.08%), then reversed sharply to $0.191 (6.63% range).
• Resistance confirmed at $0.203–$0.204 after three rejections on heavy volume (>1B units at 07:00).
• Support formed at $0.192, with brief rebounds from this level despite weakness.
• Final hour drop from $0.192 to $0.190 followed by a quick V-shaped recovery to $0.192.
• Accumulation signs emerged with volume increasing past 2.3M in final minutes.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
