Dogecoin ETF Plummets 80% Overnight - Is This Wall Street’s Crypto Capitulation?

Dogecoin's ETF dream just got decimated in a brutal overnight collapse that saw 80% of its value evaporate.

The Institutional Exodus

Wall Street's flirtation with meme coins appears to be hitting a wall of reality. The dramatic 80% plunge in DOGE ETF value signals that professional money managers might finally be waking up from their crypto fever dream.

Technical Breakdown

Trading volumes dried up faster than a desert stream as institutional players pulled their bids. The overnight massacre left retail bag-holders staring at screens in disbelief while hedge funds quietly exit stage left.

Market Psychology Shift

When the suits start running from a joke that somehow became a multi-billion dollar asset, you know sentiment has turned. The same Wall Street that once hyped DOGE as the 'people's currency' now treats it like a hot potato.

Another day, another reminder that when traditional finance 'innovates,' what they really mean is they've found new ways to separate fools from their money.

For a launch that was expected to generate new interest, the cooldown came sooner than anticipated. Wall Street appears to be sidelining the token.

But the wider context could chalk it up to bad timing. Grayscale’s spot SOL ETF GSOL has seen its first day of net outflows since launch, ending a 22-day streak of inflows.

Institutions appear to be reigning in their bets on the crypto market, not exclusively on Dogecoin. A potential move to de-risk ahead of the U.S. Fed balance sheet release today.

Fed balance sheet data will be released at 4:30 p.m. ET today.

IF BALANCE > $6.55T → BULLISH
IF BALANCE $6.52T–$6.55T → NEUTRAL
IF BALANCE
Praying for our bags to survivepic.twitter.com/pKHEGae8b8

A bullish outcome could cement hopes of an interest rate ease in December, with the potential to stimulate demand for riskier assets like meme coins.

Dogecoin Price Prediction: Can DOGE Still Flip Bullish?

With markets treating spot DOGE ETFs as a one-day headline, not a turning point, the bullish setup of a year-long descending triangle pattern remains on the fence.

While the past week has seen a bounce from its lower support at $0.13, it has yet to be confirmed as a launchpad level with mixed momentum indicators.

While a golden cross formed on the MACD points to a potential fresh uptrend, an RSI below the neutral 50 line suggests sellers still dominate shorter-term price action.

TradFi did not deliver the momentum to flip the balance.

While easing pressures favour progress to retest the $0.20 resistance, the failed catalyst keeps lower lows at $0.08 in the cards.

If a higher and stronger footing is found above $0.20, a breakout push could be in play.

A clean triangle breakout sets up a measured MOVE of roughly 220% to past highs around $0.50, and a fully realisedfor a potoentail 530% gain.

Though this target likely hinges on greater TradFi market participation and potential inclusion on mainstream balance sheets.

Pepe Node: Don’t Worry About Buying The Dip

Hesitancy among TradFi markets makes one thing clear: under current market conditions, entering at a good position can be a challenge, especially for more volatile tokens like DOGE.

PepeNode ($PEPENODE) helps with a low-risk way to capitalise on upside without needing to time the market, the pitfall of most meme coin investors.

It’s a simple mine-to-earn (M2E) game. No hardware needed.

Just log in, acquire VIRTUAL nodes, stack rigs, and configure your setup to start earning passive rewards that diversify across top-performing meme coins.

The method is already gaining traction. The presale has already passed $2.2 million, while early stakers can still earn up to 583% APY.

And thanks to a built-in deflationary model, where 70% of all $PEPENODE spent on nodes and rigs is burned, scarcity supports long-term token value.

PepeNode stands out as a smarter way to capture some of the market’s strongest upside—without worrying about timing the perfect entry.