Prices of the meme coin had jumped Tuesday after Tesla CEO Elon Musk tweeted that the electric-car maker would start accepting it as payment for Tesla merchandise.
It continues to battle the $50,000 price resistance, one the asset was rejected from on Monday.
Crypto funds were behind some of the big ether bids in the past few weeks.
Prices of bitcoin, ether and Binance coin, the three largest cryptocurrencies by market capitalization, are down 4.2%, 9.9%, and 8.3% in the past week.
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