DOGE Sees 3.79% Dip Amid Whale Accumulation of 140M Tokens and $1B Trading Volume

Dogecoin (DOGE) is currently trading at $0.15663 on Binance, reflecting a 24-hour decline of 3.79% from an opening price of $0.16280. The recent price pullback is primarily attributed to profit-taking and short-term market volatility following a period of heightened whale accumulation and increased network activity, as large holders acquired over 140 million DOGE in the past week. Despite the short-term decline, Dogecoin maintains robust trading volumes (24-hour volume near $1 billion) and a market capitalization around $23 billion, with technical indicators and on-chain data suggesting potential for renewed upward momentum if current support levels hold and buying interest persists.