DOGE Surges 5.32% as Institutions Acquire Billions: $750M Treasury Moves Fuel Market Momentum

Dogecoin (DOGEUSDT) has experienced a notable price increase over the past 24 hours, with the current price on Binance at $0.24199, reflecting a 5.32% gain from the 24h open of $0.22976. The recent surge is primarily attributed to significant institutional activity, including Bit Origin's $500 million Dogecoin treasury accumulation of 2.3 billion DOGE within 72 hours, and Thumzup Media's approval of $250 million in cryptocurrency treasury purchases, both of which have contributed to heightened investor interest. Additional momentum has been driven by reports of potential regulatory changes in the U.S. retirement market that could open access to cryptocurrencies, as well as strong bullish sentiment and increased trading activity on social media.

Currently, Dogecoin maintains a market capitalization between $35.64 billion and $36.50 billion, with 24-hour trading volume ranging from $6.76 billion to $18.48 billion, and a circulating supply of approximately 150.15 billion DOGE. The asset remains a leading memecoin, showing robust trading activity and positive sentiment among both retail and institutional participants.