DOGE (Dogecoin) has fallen 2.99% in the last 24 hours.

Gate News Bot message, on November 20, according to CoinMarketCap data, as of the time of writing, DOGE (Dogecoin) is currently priced at 0.16 USD, with a 24-hour fall of 2.99%, reaching a high of 0.18 USD and a low of 0.15 USD. The current market capitalization is approximately 23.7 billion USD, a decrease of about 730 million USD from yesterday.

Dogecoin is an open-source peer-to-peer digital currency that is favored by Shiba Inu enthusiasts worldwide. As a cryptocurrency, Dogecoin utilizes blockchain technology and is a highly secure decentralized information storage system maintained by a network of computers known as nodes that manage a public ledger. Dogecoin is not just a currency; it represents a spirit encapsulated in the Dogecoin manifesto, which boasts a vibrant community made up of friendly people like you.

Important news about DOGE recently:

1️⃣ Grayscale may launch the first DOGE ETF

Grayscale may launch the first DOGE ETF on November 24. Although final confirmation will depend on official notice from the exchange, this development seems quite optimistic based on the SEC's guidance. The potential launch of the DOGE ETF could attract more institutional investors to DOGE, potentially enhancing its market liquidity and long-term value.

2️⃣ DOGE treasury company's stock price hits a new low

The stock price of DOGE treasury company CleanCore has fallen to $0.43, hitting a new low since 2025. The company currently holds 710 million DOGE, valued at approximately $123 million, a decrease of over $30 million compared to last month. Nevertheless, CleanCore has completed $175 million in private placement financing to cooperate with House of Doge in formulating an official DOGE treasury strategy, demonstrating that institutional investors still maintain confidence in the DOGE ecosystem.

3️⃣ Large DOGE transfers attract market attention

Recently, 32,713,900 DOGE (worth approximately $5,747,700) has been observed transferring between anonymous addresses. This large transfer may indicate potential trading activity or changes in investor behavior in the market, which could impact the DOGE price in the short term.

From a technical perspective, the price of DOGE has shown a significant fall within 24 hours, possibly influenced by short-term profit-taking and fluctuations in market sentiment. However, on the fundamental side, the potential launch of ETFs and the continued investment of institutional investors in the DOGE ecosystem indicate that the market still maintains a certain level of attention towards DOGE. Large transfer activities also reflect the market's activity. Investors need to closely monitor the overall trends of the global cryptocurrency market and the unique development of the DOGE ecosystem.

This message does not constitute investment advice; investors should be aware of market volatility risks.