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Investor enthusiasm for Dokwin Sharp decrease. More than 67 % of the open interest in the Mimi currency decreased in three months. Watch it in December 2024 at $ 4.07 billion. By February 2025, it decreased to $ 1.33 billion. This significant decrease indicates the market warning. Many merchants decline due to uncertainty in the broader encryption market.
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A noticeable decrease in open interest Dogecoin
Open attention It measures active contracts on futures and options exchange. The declining number usually indicates that traders close or avoid new sites. 67 % decrease in OI in Dogcoin indicates poor investor confidence.
Many now turn their attention into more stable investments in light of market turmoil. The decrease in feelings also fits a larger style in the encryption market, as the volume of futures trading has been successful recently. On the contrary, Bitcoin and Ethereum have maintained higher levels of open interest, the smaller altcoins like Dogecoin is witnessing significant declines.
#DogeCoin $ Doge The open interest has decreased by 67 % over the past three months, as it has decreased from the highest level ever at $ 4.07 billion to only $ 1.33 billion! pic.twitter.com/yrxjqljnc
Ali (ali_charts) February 27, 2025
Network activity stumbles
Dogoin network activity similarly decreases. November 2024 had active addresses approximately 1.3 million. By February 2025, the count fell into 130,000, which translates into a huge decrease of 95 % in just a few months. Less transactions indicate that a flowing number of users interacts with the system.
The data on the series indicates that Dogecoin’s transactions have become less frequent, indicating a decrease in the participation of both retail and Institutional investors. The decrease in activity also means a lower number of new investors joining the network, which may limit the potential of future growth.
Hiccup Meme Coin continues
Dogecoin is not the only Mimi currency to struggle. Other cryptocurrency -based currencies witnessed great prices in 2024, but they faced a headache in early 2025.
Many investors who installed a rally last year are now spending. The noise around Meme currencies seems to fade, at least at the present time. Although some merchants still find some columns of hope in Mimi currencies, the feelings are generally pessimistic.
Analysts believe that metal currencies such as Dogecoin may continue to lose value if they do not get many new users or the participation of a strong community. Also, with more projects appearing on the market, the battle of the attention of investors becomes tougher.
… but the institutional interest is still alive
Meanwhile, Dogecoin still packaged some gravity for a number of institutions, although the activity of OI and the network has decreased. For example, gray investments prepared a Dogecoin Confidence In January this year. This step shows that the largest buyers still believe that the currency has a lot of capabilities.
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But it is not clear whether institutional support can compensate for a decrease in the retail interest. Grayscale’s participation shows that there is still hope that Dogecoin remains in the long run, but the real test will be whether ordinary buyers return to support the currency.
If the market mood is recovered and increased the use of broader encryption, Dogecoin may have a recovery. Until then, the way in front of the Mm does not look bright. However, anything can happen in the encryption space.
Distinctive image from Gemini Imagen, the tradingvief chart
