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Much of the current rally has been fueled by bullish sentiment around the meme’s endorsement by technology entrepreneur Elon Musk in the Trump administration.

In an X post, Musk said that all Department of Government Efficiency actions will be posted online for maximum transparency.

DOGE funding rates are starting to flip negative, data shows, as traders move away from riskier assets amid low volatility in the broader crypto market.

The volatile episode came at a time when the crypto industry anxiously awaits a spot bitcoin ETF approval, a landmark for the asset class' maturation.

The dog-themed tokens have a tendency to move on any payments-related development at X (formerly Twitter).

Dog-themed tokens tend to move after rallies in video game retailer Gamestop, a so-called “meme stock.”

Few catalysts to prop up markets in the near-term are likely weighing down token prices, one trader said.

South Korean traders are known for pushing euphoric rallies on tokens, contributing to buying pressure and possibly influencing prices.

A bump in network activity and usage could contribute to an upside for Solana’s SOL tokens.

The U.S. Department of Justice rebuffed Roman Storm's motion to dismiss criminal charges against him late Friday.