DOGE Surges 2.82% as Bit Origin Allocates $500M Treasury, Whale Accumulation Hits 1 Billion DOGE

Dogecoin (DOGEUSDT) experienced a 2.82% price increase over the past 24 hours, with the current price at $0.24098 on Binance. The recent price surge is primarily attributed to Bit Origin’s announcement of a $500 million treasury allocation to Dogecoin, including $100 million earmarked for direct DOGE purchases, which has significantly boosted market sentiment. Additional factors contributing to the positive momentum include record-high futures open interest of 16.24 billion DOGE, increased whale accumulation exceeding 1 billion DOGE in 48 hours, and heightened optimism following U.S. legislative discussions on cryptocurrency regulation. Dogecoin’s market capitalization stands near $36.2 billion, ranking it as the 8th largest cryptocurrency, with 24-hour trading volumes ranging from $4.74 billion to $15.52 billion and a circulating supply of approximately 150.16 billion DOGE. The asset remains well below its all-time high but is currently supported by strong institutional interest and bullish technical indicators.