to leave a comment.
▲ Dogecoin, Dollar/ChatGPT generated image
Dogecoin (DOGE) continues its rebound despite the second-largest spot ETF fund outflow in history, simultaneously fueling instability and speculative demand in the memecoin market.
According to the cryptocurrency specialized media CoinGape on July 3 (local time), Dogecoin rose 2.2% to trade at $0.074, with a trading volume of $706 million. The surge occurred amidst an outflow of $871,000 from the Dogecoin spot ETF on July 2. This outflow is the largest since December 2024 and the second largest ever since trading began in November 2025.
CoinGape reported that the institutional fund outflow came after US President Donald Trump disclosed his memecoin-related earnings. Trump revealed that he received $635 million in royalties from the TRUMP memecoin launched in January 2025. The price of TRUMP plummeted by 97% from its peak of $75 in January 2025, and following this disclosure, concerns grew that memecoin regulations could be strengthened under the guise of investor protection.
Political variables also shook Dogecoin investor sentiment. The likelihood of the CLARITY Act (US cryptocurrency market structure bill) passing this year dropped to 39%, and Senator Elizabeth Warren stated that the structure allowing Trump and his family to profit from cryptocurrency should be prevented. Although institutional funds flowed out, the overall bullish sentiment in the cryptocurrency market attracted individual investor buying, preventing a price decline.
Technically, Dogecoin created a U-shaped recovery pattern, rising from $0.069 on June 30 to $0.075 on July 3. CoinGape explained that this pattern could be interpreted as a sign of strengthening buying pressure. It analyzed that if Dogecoin breaks the $0.076 resistance level and closes above that price for three consecutive times, it could rise an additional 9% to $0.083.
The Chaikin Money Flow (CMF) was 0.16, indicating that buying pressure was stronger than selling pressure. However, a decrease in the Average Directional Index (ADX) was presented as a warning that the uptrend that began on June 30 was weakening. If Dogecoin ETF outflows continue and individual investors realize profits from the recent rise, the price could retrace to the June 30 low of $0.069.
In the derivatives market, long bets rapidly increased. Dogecoin's funding rate rose to 0.0098%, marking its highest level since April 15, and demand for long positions expanded to its strongest level in three months. Open interest increased from $941 million on June 28 to $1.04 million on July 3, and the rise in open interest along with the price increase indicates that investors are betting on further gains for Dogecoin.
[Article Key Summary]
-Dogecoin rose 2.2% to $0.074 despite an outflow of $871,000 from its spot ETF.
-Concerns about memecoin regulation and institutional fund outflows increased simultaneously after Trump disclosed $635 million in TRUMP memecoin royalties.
-It was suggested that if Dogecoin breaks the $0.076 resistance level and closes above it for three consecutive times, it could rise to $0.083.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
Newsletter
Get key news delivered to your email every morning
to leave a comment.