Dogecoin ETF Flops: $2M Inflows, Investors Still Snoozing

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Dogecoin strutted into this week like a confident dog with a new suit, expecting the world to fall in love all over again. Expectations had it that the launch of the first-ever Dogecoin ETF would send prices soaring, maybe even land a spot on the moon this time. Instead, what we got was a whole lot of nothing-like waiting for a pizza delivery that never arrives.

Rather than sparking a bullish frenzy, the ETF’s debut revealed a crowd as interested as cats at a dog show-zero enthusiasm, zilch appetite. The market’s response was about as lively as a Sunday morning after a long Saturday night, leaving investors feeling like they’d bought a ticket to a show that got canceled.

Dogecoin ETF Fails to Impress (And Investors Couldn’t Care Less)

The numbers are in, and they’re less than stellar. Grayscale’s Dogecoin ETF (GDOG) made its debut, and surprise-no inflows! On launch day, not a single dollar wandered into the fund, which is weird considering how loud and proud Dogecoin fans tend to be. By Tuesday, the total inflow was a tiny $1.8 million-about enough to buy a decent pizza or a fancy latte, but hardly the stuff of crypto legends.

Get this: Dogecoin is worth a gargantuan $22 billion, yet a tiny $6 billion market cap Hedera (HBAR) attracted more first-day love-$2.2 million, to be exact. Looks like enthusiasm isn’t exactly contagious, or maybe people just don’t trust that meme coin enough to put their money where their meme is.

This lack of demand is about as surprising as autumn in October. It exposes a chasm between social media hype and real investor conviction-everyone’s talking, but no one’s really buying. Looks like Bitcoin’s cousin in meme-town might be stuck in a “try harder” phase.

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On-chain indicators don’t lie, folks. Dogecoin’s Network Value to Transactions (NVT) ratio has climbed higher than a squirrel after a caffeine shot. That’s a bearish sign-you know it’s bad when a metric suggests the asset is more hyped than a squirrel in a nut factory. Despite all the social media shouting, real transaction activity remains as sluggish as molasses in January.

If you’re keeping score, Dogecoin’s high NVT signals overvaluation and the likelihood that there’s more downside unless something, anything, spikes transaction volume. Until then, Doge might just keep bouncing like a ball that’s lost its bounce.

DOGE Price: Still Chilling Below Resistance

Current price? Rounded to the nearest penny, a lazy $0.149. Not quite close enough to break through the stubborn $0.151 resistance, and certainly not enough to drag Dogecoin out of its month-long slump. It’s like trying to push a rope-ineffective and a little frustrating.

With ETF inflows as exciting as a flat soda and the on-chain signals encouraging a nap, breaking this downtrend seems about as likely as spotting Bigfoot riding a unicorn. If selling pressure picks up, we might see DOGE slip down to $0.142 faster than you can say “HODL.”

If-big if-Dogecoin manages to attract new demand, the scene could change faster than a chameleon on a rainbow. Breaking the downtrend decisively might push prices to $0.162, maybe even $0.175, bringing some hope to the meme coin universe. Until then, it’s a waiting game-probably with a beer in hand, just in case.

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2025-11-26 21:23