DOGE Slides 5.12% Amid Qubic Community Pressure, Whale Accumulation Supports $34B Market Cap

Dogecoin (DOGEUSDT) experienced a 5.12% price decline over the past 24 hours, with the current price at 0.22182 USDT on Binance. The drop is primarily attributed to market uncertainty following news of the Qubic community targeting Dogecoin after a recent 51% attack on Monero, which led to increased bearish sentiment and panic selling among some holders. Despite this, whale accumulation and ongoing retail interest have provided partial support, as technical indicators show DOGE trading above its 20-day moving average and approaching key resistance levels. Over the last day, Dogecoin saw a trading volume between $2.16 billion and $4.77 billion, with a market capitalization around $34 billion and a circulating supply of approximately 150.56 billion DOGE.