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Dogecoin Plunges 11% as Institutional Bets Seen Exiting Amid Heavy Selloff

Summary by Coin Desk
Dogecoin posted a sharp decline during the July 23–24 trading session, shedding 11% from $0.26 to $0.24 amid sustained institutional sell pressure and extreme volatility. Trading volumes surged past 2.26 billion tokens during the selloff window, marking one of the highest activity spikes in recent weeks. Analysts cited broader crypto market fragility and profit-taking from large holders as key drivers of the move. Despite a brief bounce off the …

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decrypt.co broke the news in New York, United States on Tuesday, July 22, 2025.
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