DOGE Surges 3.25% as Over One Billion Tokens Acquired and Short Sellers Liquidated

Dogecoin (DOGEUSDT) experienced a 3.25% price increase over the past 24 hours, rising from 0.21448 to 0.22146 on Binance. This upward movement is primarily attributed to significant accumulation by large holders, with over one billion DOGE acquired, and a surge in speculative demand reflected by a 6.6% rise in open interest for derivatives and robust trading volumes. The majority of liquidations have occurred in short positions, indicating that bearish traders were forced to exit as the price climbed. Technical indicators show a neutral RSI and bearish momentum on the MACD, but the price remains above key moving averages, supporting the bullish trend. Dogecoin's market capitalization is approximately $33.78 billion, with a circulating supply of about 150.43 billion DOGE and 24-hour trading volume near $2.5 billion, placing it among the top 10 cryptocurrencies by market value.