币界网报道：Dogecoin (DOGE) has experienced a significant 6.5% drop in value over the past week, trading at $0.078 at press time. The decline comes despite the recent hype around the Snorter bot, a Telegram-based trading tool that reportedly offered users up to 252% APY through leveraged DOGE trades. Market analysts attribute the price slump to broader crypto market weakness and profit-taking by traders who capitalized on the Snorter bot's high-yield promises. The bot, which gained popularity for its automated trading strategies, allowed users to amplify gains through leverage but also exposed them to higher risks. While some early adopters profited from the scheme, many retail investors faced losses as DOGE's volatility intensified. Crypto experts warn that such high-APY offerings often carry substantial risks, especially in the current regulatory climate where unregistered yield products face increasing scrutiny. The DOGE community remains divided, with some members celebrating the bot's temporary success while others caution against unsustainable yield models. Meanwhile, Dogecoin's trading volume has decreased by 15% during the same period, indicating reduced market participation. The meme coin's price action continues to mirror broader market trends, with Bitcoin's recent struggles contributing to altcoin weakness. Despite the setback, DOGE maintains its position as a top-10 cryptocurrency by market capitalization, though its long-term utility beyond meme status remains debated among analysts.