Dogecoin Breaks Inflow Streak Amid Price Test

Dogecoin has broken its streak of $0 ETF inflows as interest in the market appears to be returning. According to SosoValue data, Dogecoin ETFs recorded another day of inflows on August 24 with a daily total net inflow of $146,020.

This is significant because Dogecoin had previously seen lengthy streaks of zero inflows following days of inflows or outflows. For example, after recording an inflow of $82,640 on August 4, Dogecoin ETFs marked six days of zero inflows before seeing a negative inflow of $568,840 on August 13.

However, between August 20 and 24, Dogecoin has marked two days of positive inflows in three days, excluding the weekends. This could indicate that interest is gradually returning to the market, but a sustained streak of inflows may be needed to confirm this trend.