DOGE Token Sees $23.35B Whale Surge Amid 22% Weekly Drop and Cautious Market Sentiment

Dogecoin (DOGEUSDT) is currently trading at $0.17105 on Binance, reflecting a 2.07% decrease over the past 24 hours. This decline is primarily attributed to heightened volatility following a significant 22% price drop earlier in the week as DOGE approached a key support level, which triggered caution among traders. Large-scale whale transactions, totaling $23.35 billion in a single day, also contributed to increased market activity and short-term price fluctuations. Despite technical indicators hinting at a potential bullish reversal, broader market sentiment remains cautious due to ongoing regulatory uncertainty and subdued institutional interest. Trading volume remains robust at approximately $1.3 billion, with DOGE maintaining a market capitalization near $25.34–$25.97 billion and continuing to consolidate within a narrow price range.