DOGE Sees 2.96% Dip as Whale Moves 450M Tokens, Weekly Gains Surpass 17%

Dogecoin (DOGEUSDT) experienced a 2.96% price decline over the past 24 hours, with the current price at $0.23448 on Binance. The recent price movement is attributed to notable on-chain activity, including large investor accumulation of 230 million DOGE and a whale transferring 450 million DOGE to an exchange, which may have contributed to increased volatility and profit-taking. Despite short-term declines, Dogecoin has shown strong performance over the past week, rising over 17%, supported by bullish market sentiment and predictions of further upside. The 24-hour trading volume remains robust, with Binance reporting 1.15 billion DOGE traded, and Dogecoin maintains a market capitalization above $35 billion, ranking among the top 10 cryptocurrencies.