DOGE Surges 7% as Whales Acquire 230 Million Tokens, Trading Volume Jumps 33% on Breakout

Dogecoin (DOGEUSDT) has experienced a notable price increase of 7.05% over the past 24 hours, currently trading at 0.23921 USDT on Binance. The price surge is primarily attributed to significant whale accumulation, with large holders acquiring 230 million DOGE, increased speculative demand reflected in a 33.80% rise in trading volume, and bullish sentiment following the token's breakout above key moving averages and a multi-year rising wedge pattern. Market activity remains elevated, with Dogecoin's market capitalization around $36.16 billion and 24-hour trading volume between $2.53 billion and $2.915 billion, while resistance in the $0.2315–$0.2340 range remains a focal point for traders.