DOGE Surges 8.52% as Whales Buy Over 1 Billion Tokens, Market Cap Tops $33 Billion

Dogecoin (DOGEUSDT) has risen 8.52% in the past 24 hours, currently trading at $0.22184 on Binance, with a 24-hour open of $0.20442. The price surge is primarily attributed to significant whale accumulation, as over 1 billion DOGE were purchased by large investors, sparking increased market interest and speculation about a potential reversal. This accumulation, combined with high trading volume of approximately $2.54 billion and active open interest, has driven positive momentum. Technical indicators show mixed signals, with the RSI nearing oversold territory and reduced selling pressure, while Dogecoin maintains support above $0.19. The asset has outperformed most top cryptocurrencies over the past year and is up more than 22% in the last month, with its market capitalization now exceeding $33.31 billion and a circulating supply of about 150.42 billion DOGE.