Dogcoin fell below US$0.093: BWOW Fund converted every DOGE into cash on October 14

Dogecoin Market Dynamics and Key Dates Analysis

Dogecoin was trading at $0.0914 as of Friday evening, October 2, 2026. It was down 3.4% from 24 hours ago and ranged from $0.0978 to $0.0905 for the day. $0.093, which was a downside resistance the day before, failed to hold.

Two dates are more important than the daily price fluctuations, and both fall on October 14: a US fund in New York will stop trading Dogecoin and liquidate all its positions; and the German Federal Cabinet in Berlin will consider a bill to eliminate the one-year holding tax exemption for cryptocurrencies purchased from 2027.

Current Price and Market Data

According to CoinGecko data, the price of a dogcoin was US$0.0914 (approximately 0.0812 euros) on Friday night. The daily decline was 3.4%, and the weekly decline was 6.3%. Monthly performance was relatively good: tokens have risen 12.3% in the past 30 days. However, the annual decline was still as high as 64.7%.

is US$14.28 billion, and the circulation supply is 156.16 billion units. Trading volume in the past 24 hours reached US$1.07 billion. The ratio of turnover rate to market value is about 7.5%, which is a normal level for this volume of memoin and does not indicate panic.

Circulation supply: Why is there no upper limit for dogcoin

与比特币不同，狗狗币没有硬性上限。协议每区块发行10,000枚新代币，每年约50亿枚。在1561.6亿枚的流通量下，这意味着每年的稀释率约为3.2%。这也是为什么即使狗狗币价格持平，实际价值也会轻微缩水的原因：蛋糕在变大，但市值并未自动随之增长。

BWOW基金将于10月14日停止交易并变现

Bitwise Investment Advisers于2026年9月10日向美国证券交易委员会（SEC）提交的强制文件中宣布，它将清算Bitwise狗狗币ETF。该基金在NYSE Arca交易所交易，代码为BWOW。根据该文件，最后交易日为2026年10月14日星期三。正是在这一天，基金将其持有的狗狗币转换为现金。在10月15日开盘前，不会再发行任何新股。

Bitwise解释称，这一步骤是为了使其产品组合不断适应变化的投资者需求。文件未对狗狗币价格发表任何看法。该基金上市时间不到一年。

转换为现金意味着卖出，而非市场观点

What is important to the order book is that the conversion to cash is a real sale. Funds must divest their positions regardless of the price of the day. Its influence depends on the fund's size relative to the daily trading volume of the entire market. With a daily trading volume of $1.07 billion, funds of this size will not cause sharp fluctuations as long as the selling is spread throughout the day. However, a date when a seller is forced to sell often attracts market participants to lay out in advance.

October 22, the net assets as of October 21 will be paid to shareholders in cash. Shareholders holding shares after that will not receive physical redemption, but will receive cash payments. The document lists two dates: the valuation recording date is October 21, 2026, and the payment date is October 22, 2026. Payment is based on the net assets of the shares on the record date and is made in cash. Shareholders can receive the payment without taking any action.

For investors in Germany, the fund has little practical significance because such U.S. products are usually not available in Germany. Almost all people who hold Dogecoin through exchange-traded products hold European ETP or ETN, and these products are not affected by liquidation.

The two dates on October 14: the liquidation of funds in New York and the cabinet meeting in Berlin

The two dates coincide with each other, but for German holders, the Berlin content is more important. While U.S. funds are liquidating, the German federal cabinet is expected to review the Ministry of Finance's draft tax on crypto-assets in private wealth. BTC-Echo reported that the draft has been sent to industry associations; comments can only be submitted until October 6, 2026.

Cabinet decisions are not laws. It will then need to be approved by the Bundestag and the Bundestag, and the cabinet can also amend or postpone the draft. As a result, today's decisions are based on draft laws, not existing laws.

The buyer's holding period ends from January 1, 2027

The core of the draft is the one-year holding period. The current rule is that if you hold Dogecoin for more than a year and sell it, the proceeds will be exempt from income tax because it is considered a private disposal under Section 23 of the German Income Tax Act. According to the draft, this classification will be eliminated. Gains on crypto assets will be classified as capital income and will be subject to tax regardless of the duration of the holding period, which will trigger a 25% withholding tax and solidarity surcharge.

Deadlines are crucial. The new rules are intended to apply only to crypto assets acquired after December 31, 2026. Positions purchased before December 31, 2026 will continue to maintain the existing processing method, including a one-year holding period. Therefore, the calculation is based on the purchase date rather than the sale date.

Pledges and loans will become capital income

The impact of the draft is not limited to direct sales. Income from pledges and borrowings will also be classified as capital income. Dogcoin itself has no pledge function because its network uses a proof-of-work mechanism and is connected to Wright coin through merger mining. However, if you lend tokens on the platform to earn interest, this rule applies.

The second point concerns mechanisms: Starting from 2028, crypto service providers should be able to automatically withhold taxes. This transfers the mechanism to stock accounts, and the bank will pay the withholding tax on its behalf. For holders, selecting service providers will also have a tax dimension in the future. Until then, declarations were still a personal matter for investors.

US$0.0905 Support: The next upside target is US$0.0978

The two points where trading has reversed in the past 24 hours are also the most recent signs. On the downside, the intraday low of US$0.0905 is the first line of defense; if it falls, the next support area derived from this week's data is around US$0.085. On the upside side, the intraday high is US$0.0978, immediately above it is the US$0.10 area, where prices have been blocked many times in September.

The logic behind these markers is mechanical, not predictive: they are the prices at which supply and demand have actually converged over the past few days. The 12.3% monthly gain suggests that the current weakness is a fluctuation within a more friendly monthly trend rather than a reversal of an annual trend. The 64.7% annual decline and the 87.5% gap from the May 2021 high put the entire situation in a macro context.

Leveraged Trading Risk

Anyone using leverage to trade dogcoin should use today as a benchmark. The difference between the intraday high and low price is 7.5%. At 5 times leverage, this equates to a 37.5% fluctuation in capital used; at 10 times leverage, the fluctuation doubles. In normal operations, the clearing threshold is closer than the usual intra-day range, which does not only occur in extreme cases.

Fees and price differences

在0.0914美元的价格下，订单簿的质量往往比交易费更能决定结果。0.0002美元的价差听起来微不足道，但在该价格下已占0.22%，即高于许多提供商的订单费。使用限价单而非市价单需要耐心，但能节省这笔费用。

此外还有兑换路径的问题。以欧元购买时，某些机构会在货币对上加价，这部分隐藏在手价差中，而不显示在费用表中。自MiCA法规生效以来，欧盟内的提供商需要作为加密资产服务提供商获得授权，这统一了法律框架，但并未消除价格差异。

市值142.8亿美元：狗狗币距2021年高点仍有87.5%的距离

以142.8亿美元的市值，狗狗币仍然是最大的迷因币，但其距离2021年5月7日创下的0.7316美元的历史纪录仍有87.5%的差距。这个数字不能作为价格目标。它显示了自高点以来有多少资金离开了市场，以及近期市场的波动对其影响甚微。

未来三周的日历上有两个可验证的日期。10月14日带来基金的持仓出售和内阁会议，10月22日则是向基金股东支付款项。这两个都是日历上固定的日期，届时均可与数据进行核对。

狗狗币与BWOW关闭：你的下一步行动指南

1. 确保购买日期

Download the transaction history of each exchange you purchased Dogecoin from and store it external to your account. Without a purchase date, one-year tax exemption eligibility for positions held in 2026 will not be proven at a later time. A list of tools for consolidating data from multiple exchanges can be found in Crypto Tax Software Compare.

2. Settlement Custody

Confirm whether your position is on the exchange or in your own custody. Anyone planning to hold 2026 positions for several years would be wise not to move them before the end of the year, as every move would need to be recorded. The comparison of hardware wallets focuses mainly on recovery functions.

3. Determine the order type

Decide the price you want to trade by October 14 and use limit orders instead of market orders. On days with announced selling pressure, the spread will be wider than usual. See Crypto Exchange Comparison for terms of authorized providers.

(As of October 2, 2026. This article does not constitute investment advice. Price and fee structures are subject to change; please check terms with your provider before purchasing.)