DOGE Surges 3.21% as Whale Accumulation and Network Activity Drive Bullish Momentum on Binance

Dogecoin (DOGEUSDT) has risen 3.21% in the past 24 hours, currently trading at $0.23015 on Binance, with notable trading volume and increased network activity. The price increase is attributed to significant whale accumulation, including a transfer of 250 million DOGE between unknown wallets and a major investor acquiring 230 million DOGE, as well as a surge in active addresses to 157,000 over the past week. Technical factors, such as DOGE breaking above the $0.2040 resistance level, have contributed to bullish sentiment. Additionally, market optimism has been supported by forecasts of potential price surges linked to upcoming integrations and ETF speculation, despite mixed analyst views on Dogecoin’s long-term fundamentals. Dogecoin’s market capitalization stands at approximately $34.89 billion, with a 24-hour trading volume of $2.81 billion and a circulating supply exceeding 150.44 billion DOGE.