DOGE Surges 9% as Institutional Buyers Accumulate Over 1 Billion Tokens Amid Market Volatility

Dogecoin (DOGEUSDT) has experienced a notable price increase of 9.19% over the past 24 hours, rising from 0.20384 to 0.22257 on Binance. This upward movement is primarily attributed to significant accumulation by institutional and whale wallets, which collectively acquired over 1 billion DOGE during a recent price dip, signaling strong buying interest despite broader market volatility. The surge in trading volume—up by over 100%—and increased open interest in derivatives markets, albeit with a bearish bias, have contributed to heightened market activity and volatility. Currently, Dogecoin trades at 0.22257 with a 24-hour trading volume exceeding $1.2 billion and a market capitalization above $33 billion, reflecting robust investor engagement and positive momentum over the past month.