Dogecoin Spot Flows Drop 599% in Week as Whales Readjust Strategy

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Dogecoin registered a 7-day spot net flow percentage of -599.50%, with outflows of $538.16 million exceeding inflows of $480.96 million. The DOGE price fell to a low of $0.081 on October 8 before rebounding to around $0.086. Bitwise decided to sunset its Dogecoin ETF (BWOW) in September, citing sub-scale institutional demand. DOGE remains the world’s 11th largest cryptocurrency with a market cap of $14.8 billion.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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