DOGE Price Drops 4.54% Amid Qubic Community Moves, Whale Accumulation Surges Past 2 Billion DOGE

Dogecoin (DOGEUSDT) experienced a 4.54% price decrease over the past 24 hours, with the current price at 0.22262 USDT according to Binance. The decline is primarily attributed to selling pressure following news that the Qubic community may target Dogecoin, similar to its recent actions against Monero, which led to increased short positions and some holders selling at a loss. Despite this, whale accumulation of over 2 billion DOGE in the past week and proposals such as Grayscale’s spot Dogecoin ETF and DogeOS’s zero-knowledge proof integration have provided some support. Dogecoin remains highly liquid, with a 24-hour trading volume of approximately $2.78 billion and a market capitalization of $33.69 billion, ranking it as the eighth largest cryptocurrency.