Dogecoin Hovers Near Key Support as Fed Easing Fails to Spark Risk Rally

Core Viewpoint - Dogecoin's trading activity remained stable following the Federal Reserve's anticipated 25-basis-point rate cut, with traders evaluating the implications for risk assets [1] Group 1: Federal Reserve Rate Cut - The Federal Reserve announced a 25-basis-point cut to its benchmark rate, lowering the target range to 3.5%–3.75% [1] - This marks the third rate cut of the year, indicating internal disagreements among policymakers regarding further easing [1] - Some policymakers advocate for additional cuts to support a weakening labor market, while others caution that further cuts could reignite inflation pressures [1] Group 2: Dogecoin Market Activity - Dogecoin experienced steady on-chain engagement, with whale wallets accumulating approximately 480 million DOGE in recent sessions [1] - Trading activity for Dogecoin remained elevated following the launch of spot DOGE ETFs by Grayscale and Bitwise [1] - Despite the increased trading activity, ETF-related flows have not yet generated sustained directional momentum for Dogecoin [1]