DOGE Sees $92M Whale Transfer and $3B Trading Surge Amid Short-Term Price Correction

Dogecoin (DOGE) is currently trading at $0.23475 on Binance, reflecting a 2.39% decline over the past 24 hours, with a 24-hour opening price of $0.24051 and strong trading volumes exceeding $3 billion. The recent price movement follows a period of heightened whale activity, including a notable $92 million transfer, and a surge in derivatives open interest above $2.7 billion, indicating increased participation from large holders and institutions. The price decline in the last 24 hours appears to be a short-term correction after DOGE’s recent rally above $0.24, which was driven by renewed bullish sentiment, increased trading activity, and the launch of new AI-powered cloud mining services. Despite the pullback, market sentiment remains positive, with high retail investor interest and DOGE maintaining its position among the top 10 cryptocurrencies by market capitalization.