Dogecoin（Doge）在過去24小時內下滑了6％

這是在埃隆·馬斯克（Elon Musk）澄清的原因下，基於模因的數字資產將不會用於美國政府使用。

Dogecoin (CRYPTO: DOGE) slipped 6% in the past 24 hours, lagging behind Bitcoin and Ethereum, which slid 2.4% and 3.2%, respectively.

在過去的24小時內，Dogecoin（加密：Doge）下跌了6％，落後於比特幣和以太坊，分別滑行2.4％和3.2％。

This downturn comes amid clarification from Elon Musk that the meme-based digital asset will not be adopted for any US government use.

在埃隆·馬斯克（Elon Musk）澄清的情況下，這一低迷是在美國政府使用中不會採用基於模因的數字資產的。

Speaking at a political rally in Wisconsin over the weekend, Musk addressed public speculation regarding his proposed Department of Government Efficiency—abbreviated as D.O.G.E.—and whether the agency name signaled future integration of Dogecoin into federal programs.

馬斯克在威斯康星州的一次政治集會上發表講話時，馬斯克談到了公眾對其擬議的政府效率部的猜測（作為杜威的繁重效率），以及代理機構名稱是否標誌著狗狗幣未來將狗狗納入聯邦計劃。

“The names are similar, but they’re doing two very different things. In fact, I was gonna call it like the Government Efficiency Commission, but that’s a super boring name. And then the internet said no, it needs to be called the Department of Government Efficiency. I was like Internet’s that’s the internet is right.”

“名字是相似的，但是他們做了兩件事截然不同的事情。實際上，我將其稱為政府效率委員會，但這是一個超級無聊的名字。然後互聯網說不，它需要稱為政府效率部。我就像互聯網一樣，這是互聯網。”

The clarification arrives at a time when Dogecoin is navigating potential ETF launches in the US. While Musk has long been associated with the blockchain’s cultural relevance and speculative cycles, recent developments show a more muted price reaction to his statements.

澄清到達Dogecoin正在導航美國ETF推出的時候。儘管馬斯克長期以來一直與區塊鏈的文化相關性和投機性週期有關，但最近的事態發展顯示出對他的陳述的價格反應更加柔和。

“There are no plans for the government to use Dogecoin, or anything as far as I know. They happen to be similar names, but really we’re just literally trying to make the government 15% more efficient.”

“據我所知，政府沒有計劃使用狗狗幣，也沒有任何東西。它們恰好是相似的名字，但實際上，我們實際上只是在努力使政府提高15％的效率。”

Weak Price Performance Despite Infrastructure Growth

儘管基礎設施增長，價格較弱

Dogecoin’s underperformance comes despite a range of developments in 2025. The SEC is currently reviewing multiple Dogecoin ETF proposals from Bitwise and Grayscale, signaling growing institutional interest. Grayscale also launched a dedicated Dogecoin Trust earlier this year, allowing professional investors to gain exposure to DOGE through traditional financial instruments.

儘管在2025年有各種各樣的發展，但Dogecoin的表現不佳。 SEC目前正在審查Bitwise和灰度的多個Dogecoin ETF提案，這表明機構的興趣不斷增長。 Grayscale還於今年早些時候啟動了專門的Dogecoin Trust，使專業投資者可以通過傳統的金融工具獲得Doge的曝光率。

Despite these advancements, Dogecoin’s spot price has failed to reflect the momentum seen in other large-cap assets. Throughout March, the coin repeatedly tested support levels near $0.17, with failed breakouts leading to sharp intraday corrections. The price is down 22% over the past 12 months, while Bitcoin is up 17%.

儘管取得了這些進步，但Dogecoin的現貨價格仍未反映出其他大型資產中看到的勢頭。在整個3月，硬幣一再測試了支撐水平，接近$ 0.17，突破失敗導致盤中校正急劇。在過去的12個月中，價格下跌了22％，而比特幣上漲了17％。

Sentiment Decouples from Musk Effect

情感與麝香效應的脫離

Musk’s clarification at the Wisconsin event reflects a broader trend in that Dogecoin’s market sensitivity to Musk-related commentary has declined.

馬斯克在威斯康星州事件上的澄清反映了這種狗狗對與馬斯克有關的評論的市場敏感性的趨勢有所下降。

In prior cycles, even indirect associations between Musk and DOGE sparked rallies. Now, the market appears to require more concrete developments—such as product integration, regulatory breakthroughs, or liquidity events—to sustain momentum.

在先前的周期中，即使是麝香和門檻之間的間接關聯也引發了集會。現在，市場似乎需要更多具體的發展，例如產品集成，監管突破或流動性事件，以維持動力。

This shift is likely related to the rise in alternative memecoins on Solana and the subsequent collapse of interest. Analysts tracking DOGE price action noted that overreliance on Musk’s influence has made the asset vulnerable to abrupt sentiment reversals, as seen in the weekend’s drop.

這種轉變可能與索拉納（Solana）的替代模因以及隨後感興趣的崩潰有關。分析師跟踪Doge Price行動指出，對Musk的影響力的過度依賴使資產容易受到突然情緒逆轉的影響，如周末的下降所示。

Dogecoin’s recent price action has lagged broader market movements, even as major digital assets like Bitcoin and Ethereum remain relatively resilient amid macroeconomic pressures tied to monetary policy uncertainty and tariff-related disruptions.

Dogecoin最近的價格行動落後於市場的更廣泛的市場轉移，即使比特幣和以太坊（以太坊）的主要數字資產在與貨幣政策不確定性和與關稅相關的中斷息息相關的宏觀經濟壓力中仍然相對彈性。

Outlook Hinges on Institutional Endorsement

展望取決於機構認可

The near-term outlook for Dogecoin remains closely tied to the progress of infrastructure and regulatory initiatives. A decision on the pending ETF filings could act as a catalyst, particularly if approval aligns with renewed institutional flows into the asset class.

Dogecoin的近期前景仍然與基礎設施和監管計劃的進步密切相關。關於待處理的ETF申請的決定可以作為催化劑，特別是如果批准與新的機構流入資產類別相一致。

Yet without definitive signals on utility, adoption, or major platform integration, DOGE may continue to exhibit a weaker correlation to Bitcoin’s broader trend movements. For now, the disavowal of government involvement removes one layer of speculative potential from Dogecoin’s narrative, reinforcing the importance of fundamentals over name-based hype.

然而，如果沒有關於公用事業，採用或主要平台集成的確定信號，Doge可能會繼續與比特幣更廣泛的趨勢運動表現出較弱的相關性。就目前而言，政府參與的拒絕消除了Dogecoin的敘述中的一層投機潛力，從而增強了基本面對基於名稱的炒作的重要性。