DOGE Token Jumps 2.22% as Binance Voucher Campaign and Whales Drive Market Momentum

Dogecoin (DOGEUSDT) experienced a 2.22% price increase over the past 24 hours, trading at $0.17104 on Binance. This upward movement is attributed to several factors: Binance’s launch of a 100,000 DOGE token voucher campaign for South Asia users, which likely boosted trading activity, and increased accumulation by large DOGE holders since late June, while retail holders reduced their positions. Additional attention was drawn to Dogecoin following Elon Musk’s announcement of the America Party with a pro-crypto stance, and broader market influences included fluctuations in Bitcoin prices and U.S. economic data.

Currently, Dogecoin maintains a market capitalization near $25.7 billion, with a 24-hour trading volume estimated between $910 million and $1.25 billion. The price has seen volatility, ranging from a low of $0.16503 to a high of $0.1771 in the past day, reflecting mixed sentiment but continued strong interest and activity in the market.