DOGE Surges 4.5% as Whale Accumulation and Grayscale ETF Filing Drive Bullish Momentum

Dogecoin (DOGEUSDT) has experienced a 4.50% price increase in the last 24 hours, rising from a 24h open of $0.22846 to a current price of $0.23875 on Binance. This upward movement is primarily attributed to significant whale accumulation, with 900 million DOGE transferred to exchanges and large holders now controlling 18% of the supply, as well as heightened institutional interest following Grayscale's filing for a Dogecoin spot ETF with the SEC. Technical indicators and derivatives market data also point to a bullish sentiment, supported by increased options activity and positive long/short ratios. Dogecoin's 24-hour trading volume is robust, and its market capitalization remains among the top 10 cryptocurrencies, reflecting strong market engagement and optimism.