ETF Investors Shun DOGE as Price Falls 5.1%
On March 26, Dogecoin (DOGE) exchange-traded funds recorded zero net inflows for the eighth consecutive day, according to data from SoSoValue. This lack of institutional buying occurred even as the token's price dropped 5.1% to a low of $0.09224, down from a daily high of $0.09772. The refusal of ETF investors to purchase the asset during a significant price decline suggests growing skepticism about its short-term recovery prospects and long-term viability as a financial product.
Technicals Weaken Despite 4.5M DOGE Retail Accumulation
The disinterest from ETF participants diverges sharply from recent behavior among retail traders. Earlier in the week, U.S. investors on the Kraken exchange accumulated 4.5 million DOGE over a single 12-hour period, capitalizing on price weakness. However, the broader technical outlook for Dogecoin remains negative. The asset's price chart recently formed a "death cross," a historically bearish indicator, while 24-hour trading volume slumped 11.21% to $1.09 billion, signaling weakening market momentum.
Macro Environment Pressures Memecoin Sector
Dogecoin's price action is unfolding within a challenging environment for the broader memecoin category. The Federal Reserve's decision on March 18 to maintain steady interest rates has tightened liquidity and dampened enthusiasm for highly speculative assets. While Dogecoin continues to pursue fundamental development, including its upcoming GigaWallet update aimed at simplifying merchant transactions, it faces significant headwinds. The asset is on track for its sixth consecutive negative month, having started its bearish streak in October 2025.
