Dogecoin Slumps as ETF Inflow Fails to Stop Slide

Dogecoin's price continues to slide, down 2% in the last 24 hours and now trading below $0.085 for the fourth consecutive day.

The broader crypto market attention is shifting towards real-world utility tokens, which could be contributing to DOGE's struggles to attract retail momentum.

Despite occasional institutional inflows, open interest has dropped 7% over the past 24 hours to $1.1 billion, signaling reduced trader participation and a more risk-averse stance.

A small ETF inflow of approximately $200,580 on Wednesday failed to reverse the downward trend, with demand remaining subdued as capital rotation favors tokens tied to artificial intelligence, privacy, and real-world utility narratives.