DOGE Token Slides 8% Amid U.S. Regulation Talks, ETF News, and $39.5M Binance Volume

Dogecoin (DOGEUSDT) experienced an 8.34% decline over the last 24 hours, dropping from $0.13802 to $0.12651. This decrease follows recent volatility spurred by ongoing discussions about U.S. regulatory developments, including a draft Senate bill that could classify Dogecoin as a "non-ancillary asset," and news of spot Dogecoin ETFs, which previously contributed to upward price movement. Despite institutional interest reflected in a large holder acquiring 139 million DOGE and sustained trading activity—Binance reported a 24-hour volume of $39.5 million for the DOGEUSDT pair—market sentiment remains cautious, with analysts noting consolidation and range-bound price action. Dogecoin’s market capitalization stands at approximately $23.1 billion, with its price currently trending near $0.1265 after recent declines.