DOGE Surges 3.17% as Grayscale ETF Filing Sparks Institutional Interest and On-Chain Activity

Dogecoin (DOGEUSDT) has experienced a 3.17% price increase over the past 24 hours, currently trading at $0.23468 on Binance. The recent price movement is primarily attributed to Grayscale's filing with the SEC to convert its Dogecoin Trust into an ETF under the ticker GDOG, which has boosted market sentiment and attracted institutional interest. Additionally, significant on-chain activity, including the transfer of over 2 billion DOGE to Binance, and increased derivatives trading volume have contributed to bullish momentum. Dogecoin's 24-hour trading volume remains robust, and its market capitalization is approximately $35 billion, with the price fluctuating between $0.22 and $0.24 during the period.