The post Why is Dogecoin Price Crashing Today Ahead of the Rex Osprey DOGE ETF Debut? appeared on BitcoinEthereumNews.com.

Dogecoin (DOGE), the pioneering meme coin, has taken a hit as the crypto market crashed today. DOGE leads losses among the top 10 cryptocurrencies, trading at $0.2625 with a 7% drop. The rest of the meme coins have followed suit and experienced a drop of around 6% in their collective market cap. This is happening amid the highly anticipated launch of Rex-Osprey DOGE ETF on September 18. So, what’s causing the Dogecoin price crash, and could this affect the debut of the ETF? Dogecoin Price: The Hype and the Fall DOGE price skyrocketed by around 16% in a month, as the market showed its excitement over the Rex-Osprey DOGE ETF. Whales moved in quickly, accumulating over 280 million tokens. Futures open interest also increased to around $4.5 billion. Traders and investors hoped DOGE’s performance would mirror Bitcoin, post-ETF launch. DOGE price prediction was made by some analysts, forecasting a possible value of $0.39 or even $1. Top Reasons DOGE Price is Crashing The price of DOGE has experienced a drop due to various reasons. 1. Liquidations of DOGE Tokens On-chain data by Coinglass shows that Dogecoin experienced high liquidations in the past 24 hours. A total of around $26.28 million in positions were wiped out, with long positions reported the highest at about 21.81 million. The number of these liquidations is the key reason the Dogecoin price has declined sharply. Dogecoin Heat Map (Source: CoinGlass) 2. Broader Market Jitters The crypto market is feeling tense ahead of the Federal Reserve’s policy meeting this week. A 25-basis-point Fed rate cut is expected, although there are no guarantees made. Any slow or no Fed rate cuts could affect the performance of digital assets like Dogecoin. Bitcoin prices and Ethereum slightly dropped in value, but are holding on relatively steady. Memecoins felt the…

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Filed under: News - @ September 15, 2025 8:27 pm