DOGE Sees 2% Pullback as Whales Accumulate 900M Tokens Amid High Trading Volumes

Dogecoin (DOGEUSDT) is trading at 0.16324, down 2.08% over the past 24 hours from a 24h open of 0.16671 on Binance. The recent price decline appears to follow a short-term pullback after last week’s rally, despite ongoing accumulation by whale addresses and high trading volumes—over 900 million DOGE accumulated by large holders and more than 800 million DOGE traded in the past week. While technical analysis and recent news highlight bullish longer-term outlooks, including forecasts of a potential breakout in July and significant whale activity, current sentiment remains mixed with a 73% bearish reading and 66 on the Fear & Greed Index. The market remains highly active, with 24-hour trading volume at $885.4 million and Dogecoin ranked among the top 10 cryptocurrencies by market capitalization. Overall, the latest price movement reflects near-term profit-taking and volatility amid continued strong interest from large investors and ongoing speculation about a potential rally in the coming weeks.