DOGE Sees $3.4B Volume Amid Whale Accumulation and Solana Integration Despite 2.77% Price Dip

Dogecoin is currently trading at $0.23131, down 2.77% over the last 24 hours, with a 24-hour trading volume of approximately $3.4 billion and a market capitalization of about $35.1 billion, maintaining its position as the 8th largest cryptocurrency. The recent price decline follows a period of heightened volatility and whale accumulation, with over 1.4 billion DOGE acquired by large holders in the past month and significant on-chain activity, including 170 million DOGE transferred via Wormhole’s integration with Solana and 250 million DOGE moved from Robinhood to a private wallet. The slight drop in price and volume over the past day reflects a modest cooling after recent surges, likely influenced by profit-taking and market consolidation following strong network engagement, increased cross-chain interoperability, and broader positive sentiment in the crypto market as Bitcoin reached new highs.