DOGE Surges 4.64% as Memecoin Rally and $2.05B Volume Signal Renewed Market Momentum

Dogecoin (DOGEUSDT) has experienced a 4.64% price increase over the past 24 hours, currently trading at $0.20134 according to Binance. This upward movement is primarily attributed to renewed interest in memecoins following a broader rally in the cryptocurrency market, particularly driven by Bitcoin’s recent gains and increased trading activity. Additional factors include heightened market anticipation around events such as the Pump.fun token sale and positive sentiment from regulatory discussions in Shanghai regarding stablecoins and cryptocurrencies. Over the last day, Dogecoin’s trading volume reached approximately $2.05 billion, with a circulating supply of about 150.12 billion DOGE and a market capitalization near $29.83 billion. The asset has shown notable volatility, fluctuating between $0.16 and $0.20, as traders respond to both bullish and bearish technical signals in the current market environment.