Dogecoin News Today: Argentina's Dogecoin Adoption Surges as Price Falters on ETF and Whale Sales

Argentina's adoption of Dogecoin (DOGE) as a payment method has gained momentum amid soaring inflation, which reached 31% in 2025, according to Chainalysis data. The country's crypto trading volume surged to $93.9 billion between July 2024 and June 2025, reflecting a shift toward digital assets as an alternative to the volatile Argentine peso. This trend aligns with broader global patterns, where nations like Turkey and Nigeria also saw significant crypto activity due to inflationary pressures. For Argentina, the move to Dogecoin underscores a growing reliance on decentralized finance to hedge against currency depreciation and capital controls.

The recent launch of Grayscale's DOGE ETF (GDOG) on the New York Stock Exchange has introduced new dynamics to the market. However, Dogecoin's price fell 1.4% post-launch, struggling to break through the $0.1495 resistance level while finding temporary support at $0.144. Analysts note that whale distribution-wallets holding 10–100 million DOGE-sold nearly 7 billion tokens between September 19 and November 23, creating a supply overhang that offsets institutional demand. Despite the ETF's potential to attract institutional investors, technical indicators suggest a bearish outlook, with volume shrinking during recovery attempts and momentum failing to reverse the downtrend.

Argentina's economic environment remains a critical factor. BBVA Argentina's Q3 2025 earnings report highlighted the challenges of a 70% peak deposit rate and rising nonperforming loans (NPLs), particularly in retail credit. While the bank maintained its 45–50% loan growth target for 2025, it acknowledged macroeconomic headwinds, including inflation-adjusted net income declines and elevated cost of risk at 6.63%. These conditions reinforce the appeal of crypto as a store of value, though the long-term viability of Dogecoin adoption depends on regulatory clarity and market stability.

Looking ahead, traders are monitoring ETF inflows and Bitcoin's performance, as broader market beta continues to influence DOGE's trajectory. If institutional demand persists and Argentina's inflationary pressures persist, Dogecoin could see renewed interest. However, the immediate technical outlook remains cautious, with a breakdown below $0.144 risking a slide toward $0.138.