DOGE Token Sees $220M Whale Accumulation Amid 4.53% Price Dip and $2.78B Trading Surge

Dogecoin (DOGEUSDT) experienced a 4.53% price decrease in the last 24 hours, currently trading at 0.23372 USDT on Binance. The recent price dip follows a period of heightened accumulation by large holders, including a single-day purchase valued at $220 million, and a surge in open interest and trading volume, which previously contributed to bullish momentum. Despite the short-term decline, Dogecoin remains active with a 24-hour trading volume of approximately $2.78 billion and a market capitalization of around $35.22 billion, ranking #8 among cryptocurrencies. The asset has shown strong performance over the past week, with a notable increase of over 25%, supported by technical breakouts above key resistance levels and sustained interest from both retail and institutional participants.