Dogecoin ($DOGE) spot ETF trading volume has plummeted to its lowest level after launch.

The trading frenzy for US-listed Dogecoin (DOGE) spot ETF products is rapidly cooling down. Recently, the total trading volume has fallen to its lowest level since listing, indicating a significant decline in investment demand.

According to data from SoSoValue, which provides cryptocurrency ETF data, the total trading volume (TVT) of the Dogecoin spot ETF on the 3rd (Monday, local time) was only $142,000 (approximately 2.085 billion KRW). This is a sharp decline compared to the single-day trading volume of over $3.23 million (about 4.74768 billion KRW) at the end of November last year.

TVT refers to the total amount of actual buying and selling of the ETF shares within a specific period. It is an indicator used to measure actual market liquidity and investor interest. The decline in this figure indicates that recent attention has clearly weakened compared to the initial expectations of investors at the time of listing.

Although the Dogecoin ETF has attracted market attention for reflecting meme coin investment demand, such low trading volumes may reveal its inability to shed the characteristics of a short-term fad. Especially considering that the ETF market symbolizes entry into the mainstream financial system, some assessments suggest that actual investment flows remain conservative.

Market observers analyzed that the main reason for the decline in trading volume is not due to the ETF itself, but rather because the overall cryptocurrency market has recently entered a correction phase and investor sentiment has weakened. Some believe that spot ETFs, as mainstream financial assets, will still need more time to gain sufficient trust.

Article summary by TokenPost.ai

🔎 Market Interpretation

The decline in Dogecoin spot ETF trading volume shows that the investment frenzy for short-term fad assets is fading. This raises questions about the sustainability of meme coin investments.

💡 Key Strategies

Even for meme coin products in ETF form, there must be substantial demand to become a sustainable investment target. It is crucial to continuously monitor liquidity indicators such as trading volume.

📘 Terminology Explanation

Total trading volume (TVT): Refers to the total amount of buying and selling of specific ETF shares within a specific period; it is an indicator showing ETF liquidity and investor demand level.

TP AI Notice

This article uses a language model based on TokenPost.ai for summary. The main content of the text may be omitted or may differ from the facts.