According to The Block, the new organization launched in partnership with the Dogecoin Foundation. Led by CEO Jordan Jefferson, Dogecoin Labs will focus on expanding the use of DOGE across consumer apps, payments, commerce, decentralized finance, and gaming.

Earlier this year, Jefferson also said they were working on teams, investments, and applications that would reduce Dogecoin’s reliance on Musk’s public expressions of support. In line with this approach, the new organization brings the existing products together under the same management.

A wallet with more than 500,000 users joins the organization

Each of the combined products focuses on a different need:

• MyDoge: A DOGE wallet with more than 500,000 users, according to a press release.
• DogeOS: An app platform that aims to connect developers with DOGE holders; its public testnet, compatible with the EVM infrastructure used by Ethereum applications, opened on September 30.
• Such App: A product developed by House of Doge and Brag House that offers businesses invoicing and in-person QR code payment tools.

While Dogecoin Labs works to expand use cases through these products, the Dogecoin Foundation will continue overseeing the ecosystem and supporting open-source development.

A different approach to demand that has not translated into ETF interest

The move comes at a time when Dogecoin is struggling to generate lasting demand through traditional investment products. Bitwise announced plans to close its Dogecoin ETF in September.

Bitwise CEO Hunter Horsley said the fund’s failure highlighted the difference between crypto ETF investors and those who use crypto trading apps. Dogecoin Labs, by contrast, is focused on expanding the ways people can pay with DOGE and use it in apps, rather than presenting it solely as an investment product.

Dogecoin’s Growth Push Beyond Musk: Three Products Unite Under One Roof! isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

In a comparison shared by the platform on October 20, Dogecoin’s (DOGE) 365-day MVRV ratio was around 0.74, while that of XRP was at 0.92. Both values indicate that investors within the measurement period are at an average loss.

MVRV compares market capitalization with realized value, which is calculated using the prices at which coins last moved on-chain. This makes it possible to look not only at price direction but also at whether investors are in profit or loss relative to their estimated cost basis. In this comparison, ratios below 1 are associated with losses, while values near 1 indicate a break-even position.

Why are investors at a loss considered an opportunity signal?

Santiment’s assessment focuses on how much of the selling pressure may already have passed. During periods of high MVRV, when large profits have accumulated, investors may be more likely to realize their gains. Lower levels can help identify zones where selling pressure may be nearing exhaustion.

For this reason, the firm considers the outlook for DOGE and XRP historically more favorable and relatively lower-risk than during periods when investors are sitting on large profits. The opportunity assessment does not identify a definitive bottom or rally date; it offers a risk assessment based on investors’ profit-and-loss positions.

Bitcoin and Ethereum present a more neutral picture

In the same comparison, the 365-day MVRV values for Bitcoin, Ethereum, and Chainlink (LINK) clustered between 0.97 and 1.04. The average investor position in these three assets appears closer to break-even.

Santiment said the indicator shows no strong signs of either an excessive risk of profit-taking or an unusually deep wave of selling at a loss. What sets DOGE and XRP apart is that investors are in a more pronounced loss position, rather than a difference in price movements.

Santiment Sees Opportunity Signals in These Two Altcoins: Why Investors’ Losses Matter isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

According to CoinDesk data from the morning hours of the Asian session on Tuesday, September 22, Dogecoin (DOGE) climbed above $0.10 and recorded the strongest gain among major tokens. During the same period, Bitcoin (BTC) gained approximately 5% over the past 24 hours, trading just above $85,600.

DOGE’s gain also outpaced Bitcoin and other major altcoins. XRP rose 7% to approach $1.52, while Solana gained 5% and traded just below $117. Ethereum gained approximately 3%, approaching $2,740. BNB and TRX rose between 1% and 2%, while Zcash stood out negatively among the major tokens compared in the report, falling 4%.

Forced buying slowed, focus turns to new demand

According to CoinDesk’s assessment, a significant portion of Bitcoin’s rise was driven by the forced closures of investors who had taken bearish positions. As the price rises, liquidating short positions can fuel the rally by requiring purchases to close those trades.

However, the liquidation total over the past hour fell below $11 million, according to the source. At the busiest point of Monday’s move, that figure was above $300 million. CoinDesk states that as the support provided by forced closures declines, the next phase of the rally will depend on new buyer demand. This does not mean the rally has ended, but rather that the nature of the demand carrying it has become more important.

Most of the $1 billion in liquidations came from short positions

According to CoinGlass data cited in the report, slightly more than $1 billion in positions were liquidated across the crypto market over the past 24 hours. Of that amount, $844 million, or approximately 82%, came from short positions. Approximately 135,000 investors were affected by the liquidations.

Total liquidations in Bitcoin trades amounted to approximately $608 million, while liquidations in Ethereum trades totaled $181 million. A Bitcoin position worth approximately $21 million on Hyperliquid was the largest single liquidation of the period.

The crypto rally was accompanied by increased risk appetite in Asian stocks during the same hours. Led by chipmakers, the MSCI Asia-Pacific Index rose approximately 1%, while South Korea’s Kospi index gained 2%.

This Altcoin Surged 15%, Outpacing Bitcoin: What Does the Rally Depend On? isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

The Dogecoin price is hovering around 7 cents during morning trading in Asia. While the cryptocurrency has lost about 3% of its value over the past 24 hours, the majority of the market is showing limited gains. Consequently, Dogecoin stands out as one of the day’s leading decliners.

According to CoinGlass data, open interest in Dogecoin futures rose from approximately $930 million at the end of June to $1.21 billion. Open interest represents the total value of outstanding futures contracts and indicates that new leveraged trades are entering the market.

Long positions dominate Dogecoin futures

The scale of speculation becomes even more striking when measured in DOGE quantity rather than dollars. Open interest currently stands at 17.18 billion DOGE. This figure is very close to the 17.78 billion DOGE level seen in October 2025, when Dogecoin was trading at approximately 25 cents. However, the token’s price is currently less than one-third of what it was then.

Exchange data also indicates that investors are leaning toward bullish positions. On Binance, the number of accounts holding long positions in Dogecoin is more than triple those holding shorts, while on OKX, the ratio exceeds five-to-one. Although these ratios do not directly reflect the amount of capital invested, they reveal that more investors hold a bullish outlook.

If the price decline continues, leveraged positions could pose a risk. Trades with insufficient collateral are automatically closed by exchanges, a process that can bring additional selling pressure to the market. The simultaneous closing of a large number of positions could create liquidation pressure that might accelerate the decline.

Dogecoin Drops 70%: 17.18 Billion DOGE Leverage Accumulates in Futures Markets isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.