$DOGE is currently trading at approximately $0.159, with a fall of 0.61% in the past 24 hours, a cumulative fall of 12.62% in the past 7 days, and a cumulative fall of 14.74% in the past 30 days. Despite the overall market shifting to a risk-averse mode, DOGE (DOGE) still maintains high Liquidity, with a market capitalization of approximately $24 billion and a circulating supply of 151.7 billion coins.

DOGE has no maximum supply, so once the inflow of cryptocurrency funds weakens, the price fluctuations of DOGE become more sensitive. Concerns over an artificial intelligence bubble have led to a crash in Asian stock markets, and risk aversion has also spread to the digital asset space. The Fear and Greed Index has fallen to its lowest point since April, forcing DOGE and other meme coins into a correction phase.
It is worth noting that the applications for meme-related ETFs, such as the DOGE ETF being prepared by MOG or Bitwise and Grayscale, indicate that institutional investors' interest in culture-driven assets remains. However, short-term demand is clearly waning, primarily due to high interest rates and increased volatility in global stock markets.
DOGE continues to benefit from a large community, stable trading volume, and its status as the market's "original meme coin." However, under the current circumstances, $DOGE still faces the impact of macro risks and overall market sentiment. In the medium term, if the Federal Reserve loosens monetary policy or a meme coin ETF is approved, DOGE may benefit from a new round of capital inflows.