Recent reports show significant outflows (~$30M) and an ~11% drop as Bitcoin’s breakdown triggered risk-off behavior in meme coins.
Whale activity has shown mixed signals: large DOGE transfers to Robinhood coincided with short-lived rebounds, hinting at both accumulation and sell pressure.
Fundamentally, analysts note DOGE’s lack of smart contract utility, perpetual inflationary supply, and weakening impact of past drivers like celebrity hype — suggesting sentiment alone may no longer sustain rallies as before. $DOGE still carries cultural weight, but its performance now looks tied to broader speculative flows and Bitcoin’s direction rather than organic adoption. If BTC stabilizes and retail risk appetite returns, DOGE could find short squeezes — but downside remains if macro stress persists.
