DOGE Price Pulls Back 2.82% After Billion-Token Accumulation and Surge in Trading Volume

Dogecoin (DOGEUSDT) is currently trading at $0.22709 on Binance, reflecting a 2.82% decrease over the past 24 hours from a 24h open of $0.23367. The recent price decline follows a period of strong accumulation by large holders, with over 1 billion DOGE acquired in the past week, which contributed to increased derivatives trading volumes and a notable weekly price gain. Despite the absence of new events, listings, or promotions, Dogecoin has benefited from renewed bullish sentiment in the broader meme coin sector and positive technical analysis, but short-term profit-taking and market volatility have led to the current pullback. Trading activity remains robust, with a 24-hour volume of approximately $2.39 billion and a market capitalization of $34.43 billion, ranking Dogecoin as the 8th largest cryptocurrency.