DOGE Surges 6.58% Amid Social Media Buzz, Institutional Accumulation, and Bullish June 2025 Outlook

Dogecoin (DOGE) experienced a notable price increase of 6.58% over the past 24 hours, rising from 0.18383 to 0.19592 (Binance data). This upward movement is primarily attributed to renewed interest in the memecoin sector following a public dispute involving Elon Musk and Donald Trump, which brought additional attention to DOGE on social media. Further contributing factors include recent reports of institutional accumulation, with over 1.4 billion DOGE acquired by large holders in the past month, and a significant rise in daily active addresses. Technical analysis from several sources suggests continued bullish sentiment, with analysts highlighting DOGE as one of the most undervalued cryptocurrencies for June 2025 and predicting potential breakthroughs above key resistance levels. Currently, DOGE maintains strong liquidity with a 24-hour trading volume of $912.4 million, a market cap of $27.95 billion, and ranks #8 by market capitalization, reflecting robust market activity and ongoing investor engagement.