🚨 DOGE Market Update — November 5th 🐶💰

According to CoinMarketCap, Dogecoin (DOGE) is currently priced at $0.16, down 3.45% in the past 24 hours.
📉 24h Range: High $0.20 | Low $0.15
💼 Market Cap: $24.94B (↓ $0.89B from yesterday)

Despite the drop, DOGE continues to stay strong within the crypto community known for its positivity and innovation. 🌕✨

🔍 Key Updates:
1️⃣ Big Whale Shorts DOGE:
A trader nicknamed “Anti-CZ Whale” has taken massive short positions, gaining nearly $100M in profits — adding short-term pressure on DOGE’s price.

2️⃣ Grayscale DOGE ETF Announced:
Grayscale revealed a 0.35% fee rate for its Dogecoin ETF — a competitive structure that could attract institutional investors, boosting long-term confidence.

3️⃣ Institutions Buying More DOGE:
CleanCore Solutions added 710M DOGE (worth $174M) to its reserves, nearing its 1B DOGE target. This signals strong institutional faith in DOGE’s future.

📊 Market Insights
While short-term fluctuations may continue due to profit-taking, DOGE’s ETF progress and institutional accumulation reflect growing confidence in its long-term potential.
#DOGE #Dogecoin #Gateio #CryptoNews

DOGE-9.51%

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