DOGE Dips 2.34% Amid Geopolitical Tensions, Yet Whale Accumulation and Network Activity Surge

Dogecoin (DOGE) declined by 2.34% over the past 24 hours, with the price moving from a 24-hour open of $0.15489 to $0.15127, as reported by Binance. The recent price drop is attributed to broader market volatility following geopolitical developments, specifically reports of U.S. military action against Iranian nuclear facilities, which impacted overall cryptocurrency sentiment. Despite this, on-chain data shows significant accumulation by large holders (100 million to 1 billion DOGE wallets) who acquired 140 million DOGE in the past week, and network activity remains elevated with increased transaction volumes and daily active addresses. DOGE’s current market cap stands at $22.64 billion with a 24-hour trading volume between $1.88 billion and $2.11 billion, reflecting ongoing high trading activity and notable volatility.