DOGE Surges 7.99% as Whale Accumulation and Institutional Moves Drive $6.27B Trading Volume

Dogecoin (DOGEUSDT) has experienced a notable price increase of 7.99% over the past 24 hours, with the current price at $0.27143 according to Binance. This upward movement is attributed to several factors, including significant accumulation by large holders—over 1.08 billion DOGE transferred to major addresses in the past 48 hours—and positive sentiment driven by recent news of institutional interest, such as Thumzup Media's $250 million cryptocurrency treasury purchase and reports of potential regulatory developments supporting crypto investments in retirement plans. Technical indicators show bullish momentum, with DOGE trading above key moving averages and strong trading volume of approximately $6.27 billion, though some caution is advised as the RSI approaches overbought levels. Dogecoin's market capitalization stands at around $40.74 billion, ranking it as the eighth largest cryptocurrency, and the asset continues to see active trading within a 24-hour range of $0.207790 to $0.27837.