DOGE Price Slides 2.16% as $680M in Liquidations Follow ETF Launch and Global Tensions

Dogecoin (DOGEUSDT) has experienced a 2.16% decline over the past 24 hours, currently trading at $0.12557 according to Binance data. The recent price downturn is primarily attributed to heightened global tariff tensions and increased risk-off sentiment, which triggered significant long position liquidations exceeding $680 million across major exchanges. Notably, a large liquidation of 113 million DOGE on Hyperliquid resulted in a realized loss of nearly $2.7 million, adding to the selling pressure. Technical factors, such as DOGE's rejection at the $0.12840 resistance zone and movement near its 200-week simple moving average, have further influenced market sentiment.

DOGEUSDT's current market capitalization is approximately $21 billion, with a circulating supply near 170 billion DOGE and 24-hour trading volume reported around $1–1.19 billion. The asset has seen a 24-hour price range of $0.1249–$0.1304 and a weekly decline of roughly 10%. Despite the recent volatility, the launch of a spot Dogecoin ETF on Nasdaq by 21Shares has provided a potential catalyst for future institutional interest.