DOGE Surges 12.76% as $500M Treasury, X Payments, and Institutional Buys Ignite Bullish Momentum

Dogecoin (DOGEUSDT) has experienced a notable price increase of 12.76% over the past 24 hours, with the current price at 0.27003 USDT according to Binance data. This surge is primarily attributed to several recent developments: Bit Origin's announcement of plans to raise up to $500 million for a Dogecoin treasury, the confirmation of native DOGE payment integration on Elon Musk's X platform, and significant institutional interest, including Thumzup Media's approval of $250 million in cryptocurrency purchases featuring Dogecoin. Additional positive sentiment has been fueled by reports of potential government initiatives involving Dogecoin and strong technical indicators, such as the 9-day EMA crossing above the 200-day EMA.

In the latest trading session, Dogecoin's price rose from a 24-hour open of 0.23947 USDT to a high of 0.27824 USDT, with robust trading volumes and a market capitalization near $41 billion, reflecting heightened investor activity and renewed bullish momentum.