DOGE Sees 10% Price Drop Amid 625% Volume Surge and Whale Accumulation After Midnight Crash

Dogecoin (DOGE) is currently trading at $0.19407, down 9.69% over the past 24 hours, with a 24-hour trading volume of approximately $2.33 billion and a market capitalization of around $29.75 billion, ranking it as the 8th largest cryptocurrency. The sharp decline in price follows a midnight crash on May 30, 2025, where DOGE dropped 10% after several days of positive momentum, likely triggered by profit-taking and heightened market volatility. Significant trading activity, including a 625.5% surge in DOGEUSDT volume on Kucoin, and recent whale accumulation indicate ongoing investor interest despite the downturn. Technical analyses continue to show a generally bullish sentiment, but the recent price drop reflects short-term uncertainty and reaction to rapid market movements.