The enthusiasm of investors for Dogecoin is strongly decreasing. More than 67% of the interests open on the meter part decreased in three months. December 2024 saw it at $ 4.07 billion. In February 2025, he fell to $ 1.33 billion. This significant drop suggests a warning against the market. Many traders withdraw due to uncertainties on the wider market of cryptography.
Notable drop in an open interest of Dogecoin
Open interests measure active contracts on future and options. Usually, a decreased figure indicates that traders close or avoid new positions. The 67% drop in DOGECOIN indicates low investor confidence.
Many now turn their attention to more stable investments for market turbulence. The drop in feeling also corresponds to a larger scheme on the cryptography market, where the volume of the trade in term contracts has recently taken a hit. On the other hand, Bitcoin and Ethereum have maintained higher open levels of interest, smaller altcoins like Dogecoin see spectacular reductions.
Network activity vacillates
The activity of the Dogecoin network is also down. November 2024 had active addresses close to 1.3 million. In February 2025, the count fell to 130,000, which translated into a huge drop of 95% in a few months. Less transactions imply that a declining number of users interact with the system.
The chain data suggests that Dogecoin transactions have become less frequent, which indicates a reduced participation of retail and institutional investors. The drop in activity also means that fewer investors join the network, which could limit the potential for future growth.Same corner hiccup continues
Dogecoin is not the only coin in difficulty. Other cryptocurrencies based on memes saw major price jumps in 2024, but met headache at the beginning of 2025.
Many investors who have traveled last year’s rally are now collected. The media threshing around the coins seems to be fading, at least for the moment. Although some traders still find a radius of hope in coins, feeling has generally become pessimistic.
Analysts believe that jokes like Dogecoin could continue to lose value if they do not get many new users or strong community participation. In addition, as more and more projects go out on the market, the battle for the attention of investors becomes more difficult.… but the institutional interest always alive
During this time, Dogecoin always calls on a number of institutions, even if the activities of the OI and the network have dropped. For example, Grayscale Investments created a Dogecoin trust in January of this year. This decision shows that the biggest buyers still think that the medal has a lot of potential.
But it is not clear if institutional support can compensate for the drop in the interest of retail. Graycale’s involvement shows that there is still hope for long -term survival of Dogecoin, but the real test will be whether regular buyers will return to support the medal.
If the mood of the market is recovered and the use of wider cryptography increases, Dogecoin can undergo a resurgence. Until then, the road to come for the meme simply does not seem shiny. But, anything can happen in cryptographic space.
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