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Dogecoin (DOGE) continues its rebound despite the second-largest outflow of spot ETF funds in its history, simultaneously fueling volatility and speculative demand in the memecoin market.
According to crypto media outlet 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 The surge occurred despite $871,000 being withdrawn from the Dogecoin spot ETF on July 2. This outflow is the largest since December 2024 and the second largest since trading began in November 2025.
Coingape reported that the institutional fund outflow followed the disclosure of U.S. President Donald Trump's memecoin-related earnings. Trump revealed that he received $635 million in royalties from the TRUMP memecoin, which launched in January 2025. The price of TRUMP plummeted 97% from its peak of $75 in January 2025, and concerns about stricter memecoin regulations under the guise of investor protection have grown since the disclosure.
Political factors also influenced Dogecoin's investor sentiment. The likelihood of the U.S. crypto market structure bill (CLARITY) passing this year dropped to 39%, and Senator Elizabeth Warren stated that the structure allowing Trump and his family to profit from cryptocurrencies must be stopped. Although institutional funds flowed out, the overall bullish sentiment in the crypto market attracted retail investor buying, preventing a price decline.
Technically, Dogecoin formed a U-shaped recovery, 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 see an additional 9% increase, reaching $0.083.
The Chaikin Money Flow (CMF) at 0.16 indicated that buying pressure was stronger than selling pressure. However, a decline in the Average Directional Index (ADX) was presented as a warning that the uptrend since June 30 was weakening. If Dogecoin ETF outflows continue and retail 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 increased rapidly. Dogecoin's funding rate rose to 0.0098%, reaching 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 increase in open interest along with the price rise indicates that investors are betting on further gains for Dogecoin.
[Article Key Summary]
-Dogecoin rose 2.2% to $0.074 despite $871,000 being withdrawn from its spot ETF.
-Following Trump's disclosure of $635 million in TRUMP memecoin royalties, concerns about memecoin regulation and institutional fund outflows simultaneously increased.
-If Dogecoin breaks the $0.076 resistance level and closes above it for three consecutive times, it has the potential to 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.*
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