Dogecoin fell to $0.09087 this week, slipping below the $0.10 mark as institutional demand for DOGE ETFs contracted by more than $2 million over the past two weeks, according to Sosovalue. The decline highlights how geopolitical shocks and energy market stress are weighing on speculative crypto assets.
Market Pressure
The Middle Eastern conflict has taken a toll on the broader crypto market. Oil prices surged on fears of supply disruption, draining liquidity and pushing investors toward safer positions. Dogecoin, once the leading memecoin by market cap, has struggled to recover since breaking below $0.10 several weeks ago. While DOGE ticked up nearly 2% in the past day, the move reflects only temporary relief after U.S. officials floated the idea of opening crude reserves to ease energy pressures.
Institutional Retreat
ETF demand for Dogecoin has cooled. Sosovalue data shows total net asset value in DOGE‑linked products dropped by over $2 million in two weeks, signaling that Wall Street is cutting back exposure to speculative tokens. The pullback underscores how institutional players are quick to trim risk when macro conditions turn hostile.
Meanwhile, a Solana‑based meme coin called Patos ($PATOS) is drawing attention. The project announced plans to list on centralized exchanges at roughly 1.8x higher than its presale price, targeting about $0.000295 per token compared to the initial $0.00014. By setting a clear listing target, Patos is trying to give buyers transparency rarely seen in presale launches. The team claims confirmed listings with more than eight exchanges, which could accelerate its path to public trading.
