DOGE Surges 3.34% as Whale Accumulation and Binance Pool Merged Mining Boost Market Resilience

Dogecoin (DOGEUSDT) has risen 3.34% in the past 24 hours, currently trading at $0.20174 on Binance, with a 24-hour open of $0.19522. The recent price increase is attributed to renewed buying momentum following significant accumulation by large holders, as over 300 million DOGE were acquired in the past week. Additionally, Binance Pool's launch of merged mining for Bellscoin (BEL), allowing users to earn DOGE rewards, has contributed to positive sentiment. Despite a major DOGE futures long position being partially liquidated, resulting in notable realized and unrealized losses, the market has shown resilience, rebounding from recent lows near $0.189. Trading volume over the last 24 hours ranged from $1.14 billion to $2.18 billion, with Dogecoin maintaining a market capitalization of approximately $30.3 billion and a circulating supply of about 150.36 billion DOGE. While the asset experienced a decline of over 15% in the past week, the current uptick reflects mixed but improving sentiment amid ongoing volatility.