DOGE Holds Top 10 Spot Amid $700M Volume and Whale Accumulation Despite 2.47% Price Dip

Dogecoin (DOGE) is currently trading at $0.18743 on Binance, down 2.47% over the past 24 hours. The recent price decline is primarily attributed to broader bearish sentiment in the cryptocurrency market, with notable declines across major assets including Bitcoin and Ethereum. Technical analysts highlight increased long liquidations and DOGE’s approach to a key $0.18 support level as contributing factors to the downward pressure. Despite this, blockchain analytics indicate that whale wallets have accumulated 30 million DOGE in the past week, suggesting ongoing interest from large holders. Trading volume remains high, with 24-hour volume above $700 million and market capitalization placing DOGE securely within the crypto top 10. Overall, while short-term price action is negative, DOGE maintains strong liquidity and significant market activity.