DOGE Price Dips 2.47% as Whale Holdings Surge and Withdrawals Rise Amid $1B Trading Volume

Dogecoin (DOGEUSDT) is trading at 0.16184, reflecting a 2.47% decrease over the past 24 hours from a 24h open of 0.16594 on Binance. The recent price decline can be attributed to a combination of profit-taking following last week's rally and increased withdrawal activity, as whale addresses holding over 1 billion DOGE rose by 7, now controlling 18.3% of the supply. This accumulation by large holders, alongside a 42% drop in deposit volume and a 27% rise in withdrawals, suggests some redistribution and possible short-term selling pressure. Despite the pullback, market activity remains robust, with 24-hour trading volumes exceeding $1 billion and Dogecoin ranked among the top 10 cryptocurrencies by market capitalization. Network activity and whale accumulation remain elevated, indicating continued investor interest even amid short-term volatility.