DOGE Surges 2% as Whale Moves 1.2B Tokens, Trump Endorsement Fuels Bullish Momentum

Dogecoin (DOGEUSDT) has experienced a 2.01% price increase over the past 24 hours, rising from 0.24719 to 0.25216 on Binance. This upward movement is primarily attributed to heightened market activity following significant whale transactions, including a dormant wallet transferring 1.2 billion DOGE to an exchange, and increased open interest now at $2.83 billion. Additional momentum has been driven by recent news involving high-profile endorsements and policy discussions, such as Elon Musk confirming Donald Trump's support for a "Doge dividend check" and reports of potential regulatory changes in the U.S. that could favor cryptocurrency investments. Trading volumes remain robust, with 24-hour volume ranging from $3.75 billion to $12.77 billion and a market capitalization near $37.67 billion, reflecting strong trader interest and a bullish sentiment in the market.