DOGE Token Surges 9.71% as Meme Coin Momentum and Thumbzup News Drive $2.35B Trading Volume

Dogecoin (DOGEUSDT) has recorded a 9.71% price increase over the past 24 hours, rising from 0.18098 to 0.19855 on Binance. This surge is primarily attributed to a combination of technical factors, including a breakout from a descending wedge pattern, and broader market momentum as capital rotates from Bitcoin into altcoins. Additional catalysts include renewed interest in meme coins and recent news that Thumbzup, a media company with ties to Donald Trump Jr., is adding Dogecoin to its crypto holdings, which has contributed to increased trading activity and positive sentiment.

Currently, Dogecoin is trading at 0.19855 with a 24-hour trading volume of approximately $2.35 billion and a market capitalization of about $29.67 billion, securing its position as the 8th largest cryptocurrency. The asset has experienced strong volatility, with prices fluctuating between $0.17220 and $0.18667 in the last day, and has gained over 18% in the past week.