DOGE Price Dips 2.43% Amid Whale Accumulation, ETF Filings, and Major Binance Campaign

Dogecoin (DOGE/USDT) experienced a 2.43% price decrease over the last 24 hours, with the current price at $0.20105 and a 24-hour open of $0.20605 on Binance. The recent price decline is attributed to ongoing market volatility, as analysts monitor key support and resistance levels following a period of consolidation and a prior 35% loss over two weeks. Whale accumulation activity, including a reported 310 million DOGE purchased in a single day, has been notable, but increased short positions and declining open interest in derivatives have contributed to bearish sentiment. Additional factors influencing price include the launch of a Binance campaign for South Asian users with 100,000 DOGE in rewards, and institutional developments such as 21Shares filing for a US Spot Dogecoin ETF and Grayscale introducing a Dogecoin Trust. Trading volume remains significant, with Binance reporting 860.05 million DOGE traded on the DOGE/USDT pair in the past 24 hours, and the circulating supply is approximately 150.39 billion DOGE. Dogecoin maintains its position as a top 10 cryptocurrency by market capitalization, currently around $29.6 billion.