DOGE Surges 2% as Bitwise Spot ETF Filing Sparks Whale Accumulation and Network Activity

Dogecoin (DOGE) is trading at $0.16237, up 2.11% over the last 24 hours, according to Binance data. The recent price increase can be attributed to heightened market anticipation following Bitwise's amended S-1 filing for a proposed Dogecoin spot ETF, which introduced in-kind creations and redemptions and prompted active engagement from the U.S. SEC. This development, combined with positive sentiment reflected in Polymarket data—where 70% of traders expect ETF approval before year-end—and a sustained positive perpetual futures funding rate, has supported renewed interest in DOGE. Despite broader market volatility and a recent one-month decline of over 27%, DOGE has seen significant whale accumulation, increased network activity, and a rebound from recent support levels, indicating ongoing speculative and institutional interest. Dogecoin remains ranked 8th or 9th by market capitalization, with a 24-hour trading volume ranging from $446.8 million to $1.98 billion and a circulating supply near 149.9 billion DOGE.