Dogecoin (DOGE) experienced a significant rebound on August 21, 2025, after dipping to a low of $0.21 during the trading session. Within 24 hours as of 04:00 UTC, DOGE surged about 5%, closing around $0.22. This rebound was partly due to the activity of whales—on-chain data indicates that throughout August, the total holdings of DOGE amounted to approximately 680 million coins, highlighting the increasing interest from institutional investors amid ongoing market concerns about Qubic safety.

The overall cryptocurrency market has also shifted to favor risk assets, with Dogecoin (DOGE) leading the charge alongside Bitcoin and Ethereum in today's rally. Factors such as ETF inflows, improved macroeconomic conditions, and a weakening dollar are revitalizing meme tokens, adding momentum to Dogecoin's latest trend.