DOGE Surges 4.81% as $500M Corporate Investment and Whale Accumulation Drive Market Momentum

Dogecoin (DOGEUSDT) has risen 4.81% in the past 24 hours, trading at $0.25314 on Binance. The price surge is primarily attributed to significant corporate interest, notably Bit Origin’s announcement of a $500 million financing plan to acquire and hold Dogecoin as a treasury asset, with an initial $15 million already allocated for purchases. Additional bullish sentiment stems from increased accumulation by large holders (“whale” wallets), which have added over 2.3 billion DOGE in 72 hours, and heightened institutional activity, including Thumzup Media’s approval to purchase up to $250 million in cryptocurrencies including Dogecoin. These developments coincide with a broader bullish trend in the crypto market, increased trading volumes, and positive legislative attention in the U.S.

Currently, Dogecoin’s 24-hour trading volume has surged, reflecting strong market momentum, and its market capitalization stands at approximately $37.92 billion, ranking it as the 8th largest cryptocurrency.