Dogecoin (DOGE) surged on Tuesday after a series of pivotal events turned the crypto market upside down, opening the door to a new wave of institutional inflows.
In a deal described as the largest in Dogecoin mining history, Thumzup, associated with the Trump family, announced its acquisition of the mining company Dogehash for $50 million, reflecting a confident entry of massive capital into the DOGE infrastructure.
In an unprecedented move in the United States, the state of Wyoming launched a government-backed stablecoin named Frontier Stable Token, enhancing the regulatory trend toward the official recognition of digital assets.
Simultaneously, statements from Federal Vice Chair Michelle Bowman sent clear signals of monetary policy openness to cryptocurrencies, after warning banks of losing the race if they delayed adopting financial technology.
On the other hand, SoFi Technologies (NASDAQ:SOFI) boosted institutional momentum by announcing the integration of the Bitcoin Lightning Network, targeting the $740 billion global remittance market.
Market Movements
• DOGE traded between $0.21 and $0.22, with a daily volatility of about 5%.
• Trading volumes exceeded 378 million units in major sessions, confirming the entry of major institutions into the fray.
• Traders are watching the coin's ability to break the resistance of $0.225, especially as market whales recorded purchases worth $500 million this week.
Result: Dogecoin is no longer just a meme coin but a key player in the crypto landscape backed by political deals, government steps, and heavy institutional liquidity.#CryptoRally
