Dogecoin（Doge）在过去24小时内下滑了6％

这是在埃隆·马斯克（Elon Musk）澄清的原因下，基于模因的数字资产将不会用于美国政府使用。

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

在过去的24小时内，Dogecoin（加密：Doge）下跌了6％，落后于比特币和以太坊，分别滑行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·马斯克（Elon Musk）澄清的情况下，这一低迷是在美国政府使用中不会采用基于模因的数字资产的。

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.

马斯克在威斯康星州的一次政治集会上发表讲话时，马斯克谈到了公众对其拟议的政府效率部的猜测（作为杜威的繁重效率），以及代理机构名称是否标志着狗狗币未来将狗狗纳入联邦计划。

“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，但是他们做了两件事截然不同的事情。实际上，我将其称为政府效率委员会，但这是一个超级无聊的名字。然后互联网说不，它需要称为政府效率部。我就像互联网一样，这是互联网。”

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.

澄清到达Dogecoin正在导航美国ETF推出的时候。尽管马斯克长期以来一直与区块链的文化相关性和投机性周期有关，但最近的事态发展显示出对他的陈述的价格反应更加柔和。

“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.”

“据我所知，政府没有计划使用狗狗币，也没有任何东西。它们恰好是相似的名字，但实际上，我们实际上只是在努力使政府提高15％的效率。”

Weak Price Performance Despite Infrastructure Growth

尽管基础设施增长，价格较弱

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.

尽管在2025年有各种各样的发展，但Dogecoin的表现不佳。SEC目前正在审查Bitwise和灰度的多个Dogecoin ETF提案，这表明机构的兴趣不断增长。 Grayscale还于今年早些时候启动了专门的Dogecoin Trust，使专业投资者可以通过传统的金融工具获得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%.

尽管取得了这些进步，但Dogecoin的现货价格仍未反映出其他大型资产中看到的势头。在整个3月，硬币一再测试了支撑水平，接近$ 0.17，突破失败导致盘中校正急剧。在过去的12个月中，价格下跌了22％，而比特币上涨了17％。

Sentiment Decouples from Musk Effect

情感与麝香效应的脱离

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

马斯克在威斯康星州事件上的澄清反映了这种狗狗对与马斯克有关的评论的市场敏感性的趋势有所下降。

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，即使是麝香和门槛之间的间接关联也引发了集会。现在，市场似乎需要更多具体的发展，例如产品集成，监管突破或流动性事件，以维持动力。

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.

这种转变可能与索拉纳（Solana）的替代模因以及随后感兴趣的崩溃有关。分析师跟踪Doge Price行动指出，对Musk的影响力的过度依赖使资产容易受到突然情绪逆转的影响，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最近的价格行动落后于市场的更广泛的市场转移，即使比特币和以太坊（以太坊）的主要数字资产在与货币政策不确定性和与关税相关的中断息息相关的宏观经济压力中仍然相对弹性。

Outlook Hinges on Institutional Endorsement

展望取决于机构认可

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的近期前景仍然与基础设施和监管计划的进步密切相关。关于待处理的ETF申请的决定可以作为催化剂，特别是如果批准与新的机构流入资产类别相一致。

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，如果没有关于公用事业，采用或主要平台集成的确定信号，Doge可能会继续与比特币更广泛的趋势运动表现出较弱的相关性。就目前而言，政府参与的拒绝消除了Dogecoin的叙述中的一层投机潜力，从而增强了基本面对基于名称的炒作的重要性。