DOGE Surges 9.72% as $500M Acquisition Plan, Whale Activity, and Record Volume Drive Rally

Dogecoin (DOGEUSDT) has experienced a notable price increase of 9.72% over the past 24 hours, with the current price at $0.23332 according to Binance data. The primary drivers of this upward movement include Bit Origin Ltd's announcement of a $500 million treasury strategy to acquire Dogecoin, which has generated significant market interest and contributed to a surge in trading activity. Additional factors supporting the rally are large-scale Dogecoin transfers to exchanges, increased whale accumulation totaling over 2.3 billion DOGE in 72 hours, and a sharp rise in open interest and trading volume. Technical indicators and analyst sentiment remain bullish, with the price breaking through key resistance levels and strong buying signals observed. Dogecoin's market capitalization is estimated at approximately $34–35 billion, and 24-hour trading volume has reached up to $14.93 billion, reflecting heightened trader engagement and positive momentum.