DOGE Surges 5.46% as Binance Event Spurs $2.71B Volume and Major Holder Accumulation

Dogecoin (DOGEUSDT) has seen a 5.46% price increase over the past 24 hours, currently trading at 0.23563 USDT on Binance. This upward movement is primarily attributed to heightened market activity surrounding Binance's spot trading event, which features a 400,000 USDC prize pool and has driven increased trading volumes. Additional bullish momentum is supported by significant on-chain transfers, including 450 million DOGE moved to exchanges and accumulation of 230 million DOGE by large holders, indicating growing investor confidence. Market sentiment remains optimistic, with Dogecoin testing key resistance levels and open interest in futures rising by over 9%, further fueling capital inflows. The current market overview shows active trading, with a 24-hour volume of approximately $2.71 billion and a circulating supply of about 150.49 billion DOGE.