DOGE Jumps 6.48% as Whale Accumulation and Retail Buying Fuel $1.2B Surge in Volume

Dogecoin (DOGE) has risen 6.48% in the past 24 hours, with the current price at $0.19321 on Binance, up from a 24h open of $0.18146. This price increase is attributed to heightened trading activity and positive retail sentiment, as 97% of Coinbase users are buying DOGE, alongside technical indicators suggesting a potential rally and recent identification by analysts as an undervalued asset for June 2025. Despite recent realized losses exceeding $800 million and 30% of addresses at a loss, increased whale accumulation and a surge in daily active addresses and transaction volume have supported upward momentum. The 24-hour trading volume stands around $1.21–$1.27 billion, with Dogecoin maintaining a market cap of approximately $29.16 billion and ranking 8th among cryptocurrencies.