Dogecoin (DOGE), Spot Net Inflow Surges 116%...Is it a Signal for an August Rally?

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Dogecoin (DOGE)'s spot net inflow surged by 116% in 24 hours. However, futures market indicators and August seasonality are warning of further volatility rather than a rally.

According to U.Today on August 1 (local time), Dogecoin fell to $0.068 on July 31. The daily decline was 1.42%. Spot net inflows also rapidly increased as profit-taking occurred at the end of the month.

According to Coinglass, Dogecoin's spot inflow recorded $30.83 million in the past 24 hours. Spot outflow was $30.27 million. The spot net inflow increased by 116.32% to $558,210. An increase in exchange inflows can be interpreted as a signal that the volume of assets preparing for sale has increased. Conversely, exchange outflows may indicate investor buying and movement to external wallets.

Dogecoin fell by 3.38% during July. This is the second monthly decline since April. The hawkish remarks from the Federal Reserve (Fed) weakened expectations for a recovery in the cryptocurrency market. The market buy/sell volume ratio in the futures market also maintained a bearish trend. The indicators showed that the weight was on the side of price decline.

Dogecoin rebounded by 0.47% on the first day of August, based on a 24-hour period. The weekly increase was 0.63%. Market analysts predict that a new phase of volatility could begin as investors watch interest rate decisions. The delay in processing the US cryptocurrency market structure bill was also cited as a factor pressuring investor sentiment. Bitfinex analysts expect investors to remain cautious ahead of next week's US employment report.

Dogecoin has generally shown weakness every August in the past. It rose by 34.29% in August 2021 and by 1.77% in August 2025. Excluding these two instances, it closed lower in all other Augusts. U.Today presented the possibility of most cryptocurrencies fluctuating significantly within a certain range during August as the base scenario.

[Key Article Summary]

-Dogecoin's spot net inflow increased by 116.32% to $558,210 in 24 hours.

-Dogecoin fell by 3.38% in July, and futures market indicators also leaned towards a price decline.

-Dogecoin closed lower in all Augusts except for 2021 and 2025.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*