DOGE (Dogecoin) 24-hour increase of 1.03%

Gate News Bot Message, January 22
According to CoinMarketCap data, at the time of press, DOGE (Dogecoin) is trading at $0.13, up 1.03% in the past 24 hours, with a high of $0.14 and a low of $0.12. The 24-hour trading volume reached $1.531 billion. The current market cap is approximately $21.486 billion, an increase of $220 million from yesterday.

Recent important news about DOGE:
1️⃣ Building a payment ecosystem to lay the foundation for long-term value
The House of Doge under the Dogecoin Foundation, in collaboration with Nasdaq-listed company Brag House Holdings, is developing a payment application called "Such," which is expected to launch in the first half of 2026. The app integrates custodial wallets, real-time transaction updates, and "Hustles" merchant tools, aiming to enable artists, small businesses, and individuals to conduct transactions and payments directly with Dogecoin without third-party involvement.
The CTO of House of Doge stated that the goal is to allow everyone to run their own business using Dogecoin. The development of this app started in March 2025, led by a 20-person team based in Melbourne, with closed testing planned before the public release. This move indicates that the Dogecoin Foundation is expanding DOGE's utility from simple trading to everyday payments and commercial scenarios, helping to enhance the token's practical value and market acceptance.

2️⃣ Progress in spot ETF and regulatory framework to unlock institutional participation
The 21Shares Spot Dogecoin ETF (ticker: TDOG) was listed on Nasdaq on January 14, tracking the CF Dogecoin-Dollar US settlement price index, with a management fee of 0.50%. This product provides traditional market investors with a compliant way to participate in DOGE price fluctuations.
Meanwhile, the "CLARITY Act" entered the U.S. Senate Banking and Agriculture Committees for formal review on January 15. It aims to clarify regulations by standardizing crypto asset trading, banning false transactions, requiring platforms to disclose reserves, and subjecting them to regular audits, thereby removing compliance barriers for long-term market participants.
The advancement of these regulatory innovations suggests that policy environment and market structure are evolving favorably for crypto assets, creating conditions for institutional capital inflow. However, recent price trends indicate that the actual subscription scale for ETFs may not have met initial market expectations, and there is a time mismatch between policy benefits and market sentiment. Long-term framework optimizations are unlikely to effectively support short-term volatility.

3️⃣ Increased leverage operations and liquidation risks intensify price fluctuations
In the past two days, whale addresses on the Gate platform opened long positions with 10x leverage totaling 105.25 million DOGE (worth about $15.48 million). Meanwhile, another whale had their long position fully liquidated, incurring a loss of $2.2 million.
Frequent large leverage operations indicate that, although some institutional participants remain bullish on DOGE, high-leverage positions can trigger liquidity shocks when market risk appetite shifts rapidly.
Recent price movements show that large liquidations and leveraged long positions have created a chain reaction of downward pressure, further accelerating declines. After breaking below the key support at $0.124, the price dropped to a low of $0.12, with market cap falling nearly $1.8 billion from its peak.
Technical indicators show a short-term bearish shift, with resistance at the $0.126–$0.127 range. If the price cannot hold above $0.124, there is a risk of further decline toward $0.122.

4️⃣ Profit-taking by speculative funds and cooling of market risk appetite
After an early-year rebound, speculative crypto assets' risk appetite has begun to decline, with some funds taking profits at high levels.
Although trading volume increased, the price underperformed broader market indices, showing a "volume-down, price-down" pattern.
A large number of sell orders are concentrated near resistance levels, with about 1.1 billion DOGE changing hands in this zone, reflecting profit-taking behavior.
Compared to mainstream assets like Bitcoin and Ethereum, DOGE has shown relative weakness during rising risk aversion, a characteristic that becomes more pronounced during increased market volatility, further discouraging speculative capital inflow.
This information is not investment advice. Investors should be aware of market volatility risks.