DOGE Surges 5.83% as Large Holders Accumulate Over 1 Billion Tokens, Triggering $3M in Short Liquidations

Dogecoin (DOGEUSDT) has experienced a notable price increase of 5.83% over the past 24 hours, rising from 0.21343 to 0.22587 on Binance. This upward movement is primarily attributed to significant accumulation by large holders, who acquired over 1 billion DOGE, resulting in more than $3 million in short liquidations and heightened market volatility. Increased trading activity, with 24-hour volumes between $2.41 billion and $2.71 billion, and positive sentiment among traders have further contributed to the price momentum. Dogecoin currently trades near $0.22587, with a circulating supply of approximately 150.43 billion DOGE and a market capitalization around $33.45 billion to $33.78 billion, reflecting its position among the top cryptocurrencies.