DOGE Surges 3.93% as Whale Accumulation and E-Commerce Adoption Fuel $27B Rally

Dogecoin (DOGEUSDT) experienced a 3.93% price increase over the last 24 hours, currently trading at $0.18002 on Binance. This upward movement is primarily attributed to renewed market interest driven by several positive developments, including increased whale accumulation (with large holder netflows up 112% this week), a major e-commerce platform announcing DOGE acceptance, and influential social media activity from Elon Musk hinting at potential Tesla integration. Technical indicators have also signaled bullish momentum, with the price rebounding above key support levels and approaching resistance at $0.19.

Market activity has been robust, with 24-hour trading volume surging as much as 142.50% from the previous day and the current market capitalization standing at approximately $27.1 billion. While Dogecoin has shown a strong short-term recovery, broader metrics indicate reduced active addresses and ongoing unrealized losses among holders, suggesting that recent gains are driven more by large investors and news events than by new user participation.