Dogecoin (DOGE) Spot Outflows Hit $120 Million in April — More Losses Ahead?

Dogecoin holders have been withdrawing their funds from spot markets in April, with the leading meme coin facing mounting selling pressure. The lack of new capital flowing into DOGE reflects a decline in investor confidence and adds downward pressure on the altcoin.   Sell-Off Worsens for DOGE as Outflows Outpace Inflows Since the beginning of April, DOGE has seen a consistent stream of net outflows from its spot market, totaling over $120 million. Net inflows during the same period have been negligible, amounting to less than $5 million per Coinglass source: https://beincrypto.com/dogecoin-spot-outflows-hit-120-million-in-april/