News Background • Between August 24–25, a whale shifted 900 million DOGE (worth over $200 million) to Binance, sparking fears of distribution from long-term holders. • Corporate treasuries and institutional funds have reduced meme-coin exposure as regulatory uncertainty and global macro headwinds mount. • Network security strength remains elevated, with Dogecoin’s hashrate topping 2.9 petahashes per second, reflecting robust mining participation despite price volatility. • Broader crypto markets remain supported by expectations of Fed policy easing, but DOGE continues to lag majors like BTC and ETH.
Price Action Summary • DOGE fell 5% during the 24-hour session from August 28 at 09:00 to August 29 at 08:00, sliding from $0.22 to $0.21. • The token traded within a narrow $0.011