Dogecoin trading volume plummeted by 49% over the past 24 hours, falling to $607 million, according to CoinMarketCap data. This significant decline comes amid broad selling pressure across the cryptocurrency market, with DOGE now trading below $0.08. Investors are digesting hotter-than-expected inflation data and Federal Reserve Chairman Kevin Warsh’s latest comments on interest rates. Despite this pullback, large whales appear to be accumulating positions around $0.081, having added approximately 600 million DOGE since October 12, while the $0.07 support level remains in focus in case of further decline.
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