DOGE Sees 2% Pullback After Major Holders Accumulate 3.61 Billion Tokens Amid High Activity

Dogecoin (DOGE) is currently trading at $0.22236 on Binance, reflecting a 2.03% decrease over the past 24 hours, with significant trading volume and continued high market activity. The recent price decline follows a period of strong bullish momentum, driven by increased on-chain activity, heightened social media attention, and large holder accumulation, with 3.61 billion DOGE acquired by major investors since January 23, 2025. Despite positive developments such as Coinbase’s support for Wrapped DOGE on its Base layer-2 and ongoing platform upgrades, the market has experienced short-term volatility, including an 8.29% pullback on May 23 and subsequent stabilization. Technical indicators show DOGE holding above key support levels, and investor sentiment remains positive, but the latest 24-hour dip appears to be a corrective move after recent gains and heightened speculative activity.