DOGE Dips 5.27% as Whale Accumulation Tops 1 Billion Tokens Amid Market Volatility

Dogecoin (DOGEUSDT) experienced a 5.27% price decline over the past 24 hours, with the current price at $0.16306 according to Binance. The recent price drop is attributed to a combination of decreased trading volume, which fell to around $1.01 billion, and broader market volatility affecting major cryptocurrencies. Despite this short-term decline, whale accumulation of over one billion DOGE since May suggests increased interest from large holders, potentially supporting price stability or future upward movement. Dogecoin remains the 9th largest cryptocurrency by market capitalization, with a circulating supply of approximately 150 billion DOGE and a market cap near $24.3 billion. Over the last week, the price has seen modest gains, and on a yearly basis, DOGE is up over 40%, reflecting ongoing investor interest despite recent volatility.