DOGE Price Drops 8% Amid Whale Accumulation, $932M Options Surge, and ETF Filing Buzz

Dogecoin (DOGEUSDT) experienced a notable price decline of 8.05% over the past 24 hours, with the current price at $0.22360, down from a 24-hour open of $0.24317. This drop is primarily attributed to broader market retracement and profit-taking following recent whale accumulation, where large holders acquired over 1 billion DOGE, and heightened derivatives activity with options volume reaching $932 million and futures open interest at $3.7 billion. Additional factors influencing volatility include increased attention from institutional filings for spot Dogecoin ETFs and strategic expansion announcements in Dogecoin mining. Despite the price decrease, Dogecoin remains actively traded, with a 24-hour volume of $5.11 billion and a market capitalization of $33.63 billion, reflecting sustained investor interest and significant market activity.