DOGE Surges 1.96% as $175M Whale Accumulation and Upcoming ETF Fuel Bullish Momentum

Dogecoin (DOGEUSDT) has seen a 1.96% price increase over the last 24 hours, with the current price at 0.24816 USDT according to Binance. The positive price movement is primarily attributed to heightened institutional interest, including significant whale accumulation and anticipation surrounding the upcoming Dogecoin ETF (ticker: DOJE), set to debut in the United States on September 11, 2025. Recent on-chain data highlights a $175 million investment targeting up to 5% of Dogecoin's circulating supply, and major holders acquiring over 4.9 billion DOGE, further supporting bullish sentiment. Trading volume remains robust, with approximately $3.77 billion USD reported in the last 24 hours and a market capitalization of around $37.21 billion USD, positioning Dogecoin as the 8th largest cryptocurrency. The asset continues to consolidate near resistance levels, with analysts noting that sustained support could maintain the current uptrend.